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Chicago & Midwest  + Midwest  + Retail  | 

SRS Arranges $30M Deal for Indiana Retail

A Detroit-based SRS Real Estate Partners team completed the $30 million sale of Jefferson Town Center West, a newly developed, 184,663-square-foot, regional shopping center located at 4251 Town Center Blvd. in Jeffersonville, IN. The center, which is 100% leased, will be completed by the end of 2019.

SRS first VPs Michael Carter and Frank Rogers represented the seller, a Louisville-based developer that is developing the entire project.  Carter and Rogers also represented the buyer, a private Newport Beach, CA-based investor who was in a 1031 exchange.

The center, sited in a dense, high-traffic retail corridor with nearby national tenants, features a strong lineup of highly successful retailers including include Hobby Lobby, Burlington, TJ Maxx, HomeGoods, Petco, Five Below, and ULTA Beauty, among others.

“This prime property, situated in a thriving area with high consumer draw, represented an outstanding investment opportunity for the buyer,” said Carter.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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).

  • ◦Sale/Acquisition
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