IBJNews

Shadeland Station shopping center bought for $9.5M

Back to TopCommentsE-mailPrintBookmark and Share

New York-based Time Equities Inc. has purchased the Shadeland Station shopping center on the city’s northeast side for $9.5 million, the company announced Thursday.

Located at 7481 Shadeland Ave., the nearly 105,000-square-foot center is anchored by a Marsh supermarket and 85-percent occupied. Other tenants include Planet Fitness, Dollar Tree, H&R Block, Subway and a UPS store.

The seller was a joint venture between Westchester, Ill.-based Tri-Land Developments Inc. and an affiliate of Equity Group Investments.

TEI said it will renovate the center’s interior and make improvements to outdoor signage in an effort to modernize its overall appearance. The property will be managed by Cassidy Turley.

“Time Equities Inc. continually seeks out well-positioned centers in highly trafficked areas, like Shadeland Station, as we continue to grow our national retail footprint,” Ami Ziff, TEI’s director of national retail, said in a written statement.

The acquisition marks TEI’s first foray into Indiana. Founded in 1966, TEI has properties in 25 states, four Canadian provinces and Germany consisting of about 22.1 million square feet of residential, industrial, office and retail space.
 
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Why should I a home owner pay for this"car sharing" ????

  2. By the way, the right to work law is intended to prevent forced union membership, not as a way to keep workers in bondage as you make it sound, Italiano. If union leadership would spend all of their funding on the workers, who they are supposed to be representing, instead of trying to buy political favor and living lavish lifestyles as a result of the forced membership, this law would never had been necessary.

  3. Unions once served a noble purpose before greed and apathy took over. Now most unions are just as bad or even worse than the ills they sought to correct. I don't believe I have seen a positive comment posted by you. If you don't like the way things are done here, why do you live here? It would seem a more liberal environment like New York or California would suit you better?

  4. just to clear it up... Straight No Chaser is an a capella group that formed at IU. They've toured nationally typically doing a capella arangements of everything from Old Songbook Standards to current hits on the radio.

  5. This surprises you? Mayor Marine pulled the same crap whenhe levered the assets of the water co up by half a billion $$$ then he created his GRAFTER PROGRAM called REBUILDINDY. That program did not do anything for the Ratepayors Water Infrastructure Assets except encumber them and FORCE invitable higher water and sewer rates on Ratepayors to cover debt coverage on the dough he stole FROM THE PUBLIC TRUST. The guy is morally bankrupt to the average taxpayer and Ratepayor.

ADVERTISEMENT