Equity recently facilitated the sale of a 31,600-square-foot neighborhood shopping center in Greenwood, Indiana, continuing momentum in the suburban retail investment market.
Located at 3115 Meridian Parke Drive, the property traded for $5.5 million and was acquired by MPPSC, LLC from 4494 Equity Investments, LLC. The transaction closed at a 7% cap rate and delivered a 23% internal rate of return to the seller, reflecting strong performance and investor confidence in stabilized retail assets.
Positioned within a high-traffic suburban corridor, the center serves the surrounding community with a mix of established tenants, reinforcing its long-term viability and appeal.
Equity represented the seller in the transaction, bringing together a deal that highlights disciplined asset management and sustained demand for well-located neighborhood retail.
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Equity negotiates $5.5 million sale of Greenwood shopping center – REJournals
