Multitenant retailers in Indiana have been acquired by a private investor, with the sale of Diamond Plaza, a 26,524-square-foot property located in Portage. The asset sold for $4,006,250.
Tarek Chbeir from Marcus & Millichap’s Orlando office represented the buyer and provided insight into why multitenant retail is becoming increasingly important to investors: “It provides them with diverse options and creative ways to increase returns.” Josh Caruana from Marcus & Millichap’s Indiana office also assisted in closing this transaction.
Diamond Plaza is situated on 6630 U.S. 6 near major national retailers such as Buffalo Wild Wings, Texas Roadhouse, and Walmart – providing an ideal location for tenants looking for high visibility within the area.
