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Chicago & Midwest  + Midwest  + Retail  | 

Quantum Brokers Fort Wayne Shopping Center Deal

Quantum Real Estate Advisors’ Dan Wasazak brokered the sale of a two-shopping center portfolio in Fort Wayne, IN. Totaling about 27,000 square feet, the properties are located at 401-407 E. Coliseum Blvd. and 407 W. Coliseum Blvd. and sold for just under $12,000,000.
The seller, an Indiana based development group, redeveloped both properties into class-A shopping centers with high-quality tenancy. The buyer is a private investor from Mexico.
“This sale shows the continued demand for high-quality retail assets,” said Waszak. “The tenant lineup featured long-term leases to internet- and COVID resistant tenants, which was the main attraction for the buyer.”
He added, “This transaction wasn’t without its challenges, however. The buyer was able to get attractive terms on a CMBS loan, and in the eleventh hour, significant hurdles arose. All parties worked diligently to finalize this loan and ultimately close the transaction.”


Inside The Story

Connect With Quantum RE’s Waszak

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).

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