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Indianapolis Retail Mainstay Trades in Sale-Leaseback
Chicago-based Stream Capital Partners, a national net lease and sale-leaseback advisory group, recently represented the seller in the $15.5-million sale-leaseback of Kittle’s Furniture in Indianapolis.
Kittle’s Furniture has been in business since 1932 and, with nine locations, is well-known throughout Indiana. The 160,598-square-foot store at 8600 Allisonville Rd. is near Interstate 465, one block from Castleton Square, Indiana’s largest mall.
Jeff Lizzo and Jonathan Wolfe of Stream Capital represented the seller in the transaction.
“This was a great transaction for buyer and seller,” said Lizzo. “The buyer is getting a very well-located property in a high-income submarket of Indianapolis under a long-term lease. The seller is a best-in-class furniture tenant who has been in business since the 1930s. The seller is going to use the proceeds to invest in the continued growth of its business.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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