Investment group

Hanley Investment Group is arranging the sale of an 11,400 square foot mall in affluent Indianapolis suburb for $3,145,000

ZIONSVILLE, Indiana – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in the sale of commercial properties, today announced the sale of an 11,400 square foot two-tenant shopping center in Zionsville, a northern suburb of Indianapolis, Indiana. The sale price was $3,145,000.

Hanley Investment Group Vice Chairman Dylan Mallory represented the seller, Jackson Investment Group, based in central Indiana. The buyer was a private investor based in the Indianapolis metro area and was represented by Forest Bender of Marcus & Millichap in Indianapolis. Jackson Investment Group also played a brokerage role in the transaction.

The property, Zionsville Station, is located at 10615 Zionsville Road, just south of the Village of Zionsville. The 1.35-acre property offers new long-term leases from Hotel Tango Whiskey, a well-known local whiskey brand, and Pampered Pooch Resort and Spa, a new dog care facility, according to Mallory. The property was previously home to Pizza King for over 30 years before undergoing a major renovation and repositioning plan in 2021.

“Six offers were generated within the first 10 days of marketing and a full price offer was secured from a local real estate investor already familiar with the property,” Mallory said. “Out-of-state investors and local investors have been highly attracted to the opportunity due to its location in Zionsville, one of the most affluent communities in the Midwest.”

“Zionsville is listed as one of the 10 Richest Communities in Indiana, Best High Schools in Indiana, Best Cities to Live in Indiana, and One of the Safest Cities in Indiana . The average household income within a three-mile radius of the property exceeds $175,000,” Mallory said.

Additionally, the Zionsville train station is located less than a mile from Creekside Corporate Park, a new 40+ acre corporate campus with walking trails and outdoor fitness options. The main employers in the park are Witham Health Services, FedEx and LIDS headquarters. Rahal Letterman Lanigan Racing is under construction on a new $20 million, 100,000 square foot facility that will serve as its global headquarters. Delivery is scheduled for summer 2022.

Over the past four years, Hanley Investment Group has sold $705 million worth of commercial properties in the Midwest. Over the past two years, Mallory has closed over $70 million in the state of Indiana. Earlier this year, Mallory completed the sale of a tidy multi-tenant medical property in Plainfield, Indiana.

About Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services firm with a transaction history of over $9.1 billion that specializes in the sale of commercial properties nationwide. Our expertise, proven track record and unwavering dedication to putting customer needs first sets us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers are unparalleled in the industry, resulting in maximum exposure and price for every property. With unparalleled service, Hanley Investment Group has redefined the retail investment property experience.

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Company Name: Hanley Investment Group Real Estate Advisors
Contact person: Dylan Mallory, Vice President
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Call: 844.585.7678
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