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Quantum Brokers Sale of Merrillville Shopping Center
Quantum Real Estate Advisors brokered the sale of Broadway Place, a multi-tenant retail shopping center at 6001-6091 Broadway in Merrillville, IN. The property sold for $7,000,000.
The buyer is a private real estate investment firm based in New York. The seller is a private real estate investor from Chicago.
Quantum SVP Jason Lenhoff represented the seller. At the time of sale, the property was 100% occupied by CitiTrends, B2 Digital, Aaron’s Rents, Shoppers World, and a few local tenants.
“Broadway Place is a great grocery shadow-anchored property that has a diverse tenant line-up,” said Lenhoff. “The buyer has local knowledge of Merrillville and was able to quickly put together this deal.
“The seller had some last-minute leases get executed, which solidified the sale,” he continued. “With a new roof and parking lot, this shopping center will be profitable for years to come.”
- ◦Sale/Acquisition

