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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Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.