Mid-America Real Estate Corporation’s Investment Sales group recently brokered the sale of Towne South Plaza, a 163,293-square-foot regional shopping center serving Terre Haute, Indiana. Towne South Plaza is anchored by TJ Maxx, Ross Dress For Less, PetSmart and Best Buy, and also features traffic-driving national tenants including Dollar Tree, Five Below, LL Flooring, Buffalo Wild Wings, Hibbett, Buckle and more. The shopping center was sold to a private investor.
Due to its positioning within the Terre Haute regional trade area, Towne South Plaza draws from an expanded consumer base serving over a half-million residents throughout twenty counties. The surrounding area features a solid local profile with a residential population of 99,700 within 10 miles and a corresponding average household income of $65,300. Consistently ranked among the Best Small College Towns, Terre Haute is home to several colleges and universities, most notably Indiana State University.
Mid-America Real Estate Corporation Principal Ben Wineman and Principal Rick Drogosz, in cooperation with Managing Director Grant Mechlin at Sansone Group, were the exclusive brokers in the transaction on behalf of the seller, Sansone Group.
