KLC Realty LLC bought the Colby Shoppes, a multi-tenant retail center at 954 N. State Road 135, Greenwood. The 17,739-square-foot property sold for $1.3 million. The buyer was represented by Brian T. Southworth and Nathan D. Whalen of the Indianapolis office of Marcus & Millichap Real Estate Investment Services. Southworth and Whalen also represented the seller, First Merchants Bank.

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