Acquisition Date: August 2015
Perry Marketplace is a 187,973 square foot regional center with tenants including Burlington Coat Factory, The Room Place, and Meineke Car Care. The center is strategically positioned in the heart of Plainfield, Indiana’s retail trade area along US-40 with 27,000 vehicles per day and just three miles from I-70. The property shares seven access points with the Shops at Perry Crossing, a 600,000+ square foot regional lifestyle center anchored by AMC Theaters 18, JC Penney, Dick’s Sporting Goods, Barnes & Noble, DSW, Old Navy, Forever 21, H&M, Ulta and many other retailers & restaurants. Shops at Perry Crossing recently underwent an $11+ million renovation
The property is located in the center of the trade corridor with national tenants including Walmart, Target, Meijer, Kroger, Kohl’s, TJMaxx, and PetSmart. Plainfield is an affluent suburb of Indianapolis experiencing tremendous economic growth and located in Indiana’s second fastest growing county. Plainfield’s growth can be attributed to a variety of factors including quality of life, highly regarded schools, employment opportunities, and its close proximity to the airport and downtown Indianapolis. In the last ten years, Plainfield has seen growth in commercial, industrial, and residential development. AirWest Business Park, located a half mile from the subject property has over 32 million square feet of bulk distribution and warehouse space. Major employers in the area include Duke Energy, Hendricks Regional Health, Amazon and Q-Edge Corporation.