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Sources: Simon eyeing Anson for outlet mall

November 17, 2014

Simon Property Group Inc. plans to build an outlet mall on 50 acres of high-profile land that it has agreed to acquire in Whitestown’s sprawling Anson development, retail brokers familiar with the deal said Monday.

Jacqueline Haynes, a senior vice president at Cassidy Turley, is listing the 50 acres and told IBJ on Saturday that it’s slated for a retail development, but would not identify the buyer. She said additional information likely would be available when the pre-sale “due diligence” process is completed in the next few months.

The land is at the northeast corner of Interstate 65 and Whitestown Parkway west of Zionsville, and is already zoned for retail uses as part of the 1,700-acre Anson planned-unit development.

Retail development at Duke Realty Corp.’s $1 billion Anson project has picked up after stalling during the recession. A Hampton Inn, Meijer superstore and Goodwill outlet opened in Anson this year.

To the south of the proposed outlet mall site, hotel developers are eyeing a 10-acre parcel that’s available behind a Cracker Barrel restaurant, said Ross Reller of Colliers International, who’s marketing the land.

He expects to announce a deal next year.

“To the extent that this outlet mall is real, that will create demand for another hotel,” he said. “It’s the only commercial site visible from the interstate before you take the exit, so we’ve got a pretty good site.”

To the east, Tom Wood purchased 15 acres last year and might move its Lafayette Road Toyota dealership to the site, sources have said.  

Simon, meanwhile, in recent years has focused its U.S. development largely on outlet malls through its Premium Outlets division and operates more than 50 in the United States and abroad.

Its nearest outlet mall to the Anson site is 55 miles south, along I-65 in Edinburgh.

A Simon spokesman declined to comment.
 

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