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Mall Shadowed Retail Centers - Retail Investment
Project type
Retail Portfolio Investment
Date
2004 to Current
Location
Indianapolis, IN
Role
Investor/Owner
Shook Realty Group initially acquired a 3 shopping center portfolio from CASTO in 2004. The shopping centers are located in Indianapolis, IN and Champaign, IL. The portfolio is approximately 200,000 Square Feet of retail shopping center space with 50 tenants ranging from large national retailers to local restaurants and service retailers. Major Tenants include: TJ Maxx, Guitar Center, Urban Styles Furniture, Smiley Entertainment, Harbor Freight Tools, and many others.
Over 20 years of ownership Shook Realty Group has successfully maintained an average occupancy of 94%, and has navigated financing and partner buyouts though traditional commercial lenders, CMBS debt, and Life Insurance Company financing.