Mid-America Real Estate Corporation Executes Sale of Dominant Regional Shopping Center in the Indiana State University, Terre Haute Trade Area
CHICAGO (April 6, 2022) – 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 (total enrollment numbers of over 12,000 students).
Mid-America Real Estate Corporation Principal Ben Wineman and Principal Rick Drogosz (a Licensed Indiana Broker), in cooperation with Managing Director Grant Mechlin at Sansone Group, were the exclusive brokers in the transaction on behalf of the seller, Sansone Group.
About Mid-America Real Estate Group
Mid-America Real Estate Group is the largest regional retail property services firm in the Midwest. The organization’s exclusive focus on retail real estate, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The company manages and leases 42 million square feet of retail space, and represents over 270 retailers. Mid-America’s Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Group’s strategic approach combines outstanding national exposure with the best local knowledge, resulting in the successful disposition of over $12.15 billion to date. For more information, visit www.midamericagrp.com.
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