Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  + Midwest  + Retail  | 

Multitenant Retail in Indiana Fetches New Ownership

Marcus & Millichap closed the sale of Diamond Plaza, a 26,524-square foot retail property located in Portage, IN. The asset sold for $4,006,250. 

“Multitenant retail has become a more crucial component in today’s market, providing investors with a diverse range of options and creative ways to increase returns,” said associate Tarek Chbeir.

The buyer, a private investor, was secured and represented by Chbeir, a retail investment specialist in Marcus & Millichap’s Orlando office. Josh Caruana, broker of record in Indiana, assisted in closing this transaction. 

Diamond Plaza is located at 6630 U.S.6 in Portage. The property is located right off U.S. 6 near major national retailers and restaurants including Buffalo Wild Wings, Texas Roadhouse and Walmart. 


Inside The Story

Marcus & Millichap's Chbeir

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Step 1: Select Education
  • ◦Sale/Acquisition