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Big V Property Group Acquires Shopping Center in IN
Big V Property Group, along with the firm’s partner, Equity Street Capital, has acquired Merchants’ Square located in Carmel, Indiana. This transaction represents the first venture for Big V Property Group in the Indianapolis market.
Merchants’ Square is a 232,284-square-foot open-air shopping center space situated in the affluent suburb just north of Indianapolis. Positioned in a high-volume traffic district, the property features a tenant mix that includes Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree.
The center will soon be shadow-anchored by the first Indiana location for Illinois-based Harvest Market. The 76,000-square-foot store is slated to open this fall. “The high-quality fundamentals combined with the pending opening of Harvest Market paint a bright future for the asset,” said Chief Acquisitions Officer Eric Zimmermann of Big V Property Group.
Based in Charlotte, North Carolina, Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet.
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