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Brixmor Trades 94% Leased Fort Wayne Power Center
JLL Capital Markets closed the sale of Apple Glen Crossing, a 150,163-square-foot, open-air power center anchored by Best Buy and Dicks Sporting Goods in Fort Wayne, IN. Terms of the sale weren’t disclosed.
The team of Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray marketed the property on behalf of the seller, Brixmor Property Group. Berengaria Development, the real estate arm of Marcus Investments LLC, was the buyer.
Positioned on 17.43 acres at 1720-1770 Apple Glen Blvd., Apple Glen Crossing has strong visibility due to its location between Illinois Road and Jefferson Boulevard, which have a combined traffic count of 56,308 vehicles per day. Currently it’s 94% leased to a dominant lineup of national tenants.
The property is also within Fort Wayne’s destination retail corridor, which helps drive traffic to the center. According to Placer.ai, it has welcomed 3.7 million visitors over the past 12 months.
- ◦Sale/Acquisition

