Ft. Wayne Retail Center Changes Hands
- Mar 21, 2018
HFF has secured the sale of Jefferson Pointe, a 407,363-square-foot mixed-use property situated in Fort Wayne, Ind. The company worked on behalf of the seller, Institutional Mall Investors LLC. Miller Capital Advisory Inc. advised on the sale, while Jefferson Pointe Center SPE LLC acquired the asset for an undisclosed price.
Located at 4110 W. Jefferson Blvd., on approximately 50 acres, the retail center is in close proximity to downtown Fort Wayne and seven miles from the Indiana University Purdue University Fort Wayne campus. The average annual household income within the property’s ZIP code is about $86,154.
Constructed in 2000, the lifestyle center includes retail, restaurant and entertainment options and is leased to tenants such as Carmike Cinemas, Bed Bath & Beyond, Barnes & Noble, Marshalls, Ulta Beauty, Old Navy, White House Black Market, Vera Bradley, Michaels and Tucanos Brazilian Grill. Additionally, the property is anchored by a separately owned Von Maur.
HFF Senior Directors Amy Sands and Clinton Mitchell, along with Senior Managing Directors Barry Brown, Dave Keller and Claudia Steeb were part of the investment advisory team that represented the seller. In another recent deal, HFF worked on behalf of the seller in the acquisition of an Arizona shopping center.
Image via Google Street View