Colliers Secures Indianapolis Retail Center Sale
- Feb 19, 2018
Devonshire Station, a 9,222-square-foot retail center in Indianapolis, has changed hands. Colliers International secured the sale on behalf of the seller, Lor Corp., while San Jose, Calif.-based Better Things LLC acquired the asset.
Located at 6404 Rucker Road, on approximately two acres, on the northeast side of Indianapolis, the property offers convenient access to dining, shopping and entertainment venues, such as Peak Fitness, CVS Pharmacy, Starbucks, McDonald’s and Dollar General. Built in 1999, the center includes tenants such as Morellis Cleaners, Binford Café and Black Diamond BBQ.
According to Colliers, the building offers 1,400 square feet of available space for lease. The average household income within a three-mile radius is roughly $73,000. Alex Davenport, investment sales associate with Colliers International Indianapolis, arranged the sale. This transaction marks the buyer’s first acquisition in Indianapolis.
In another recent deal, Colliers International represented the landlord to sign the lease for the Ashley Oaks, a South Carolina shopping center.
Image via Google Street View