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Muinzer Acquires Assemblage Near Purdue U.
Muinzer recently completed the acquisition of a nine-property portfolio, underpinned by 1.55 acres of land, adjacent to Purdue University. Deal terms weren’t disclosed. The purchase marks the continued expansion of the Muinzer platform in the Purdue University submarket.
The acquisition includes a series of buildings on the 500-block of Hayes St., 503 N. Grant St., 411 W. Stadium Ave. and 419 W. Stadium Ave. in West Lafayette, IN. When combined with existing Muinzer portfolio assets, the acquisition creates a 2.24-acre assemblage.
“Assemblage opportunities like this are very rare,” said Marc Muinzer, founder and CEO of Muinzer. “While we have no immediate plans for redevelopment, when presented with an opportunity to create one of the largest privately-owned land assemblages adjacent to any Big 10 University, we felt the need to seize it.”
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