Mid-America Real Estate Corporation’s Investment Sales Group brokered the sale of Covington Plaza, a 182,051-square-foot grocery-anchored community center in Fort Wayne, Indiana.
Covington Plaza is anchored by The Fresh Market, Office Depot, Planet Fitness, and The Woodhouse Day Spa. Other specialty tenants such as Pet Supplies Plus, Tequila Mexican Cantina, Cap n’ Cork, Christopher James Menswear, and Catablu Grille provide a strong mix of service, soft goods, and dining draws to the center. Positioned in the Jefferson Boulevard regional trade area, Covington Plaza is surrounded by 109,000 residents with average household incomes of $91,000 within a 5-mile radius of the center, with 4.4% estimated household growth over the next 5 years.
Mid-America Real Estate Corporation Principals Ben Wineman, Joe Girardi and Rick Drogosz and Investment Associate Eric Geskermann served as the exclusive listing brokers on behalf of the seller, Broad Reach Retail Partners. The center was acquired by Charleston, SC based Ziff Real Estate Partners.
