December 29, 2009

Indy Management Group Inc. bought the two-building Sherman Commons retail strip center at 3709 E. Washington St. for $1.05 million. The buyer, which is a tenant in the 22-year-old center, was represented by Herb Feldmann and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co. The seller, Sherman Commons Associates LLC, was represented by Brian T. Southworth and Nathan D. Whalen of the local office of Marcus & Millichap Real Estate Investment Services. The center is 80 percent occupied.