Allen Media Broadcasting - Fort Wayne, IN

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant, broadcasting facility (the “Property” or “Asset”) fully leased to Allen Media Broadcasting and located at 3707 Hillegas Road in Fort Wayne, IN. The Property is the studio for WFFT-TV, also known as 55 News, a television station with three sub-channels and serving as the Fox affiliate for Northeast Indiana.

The Property totals 12,479 SF and is fully occupied by Allen Media Broadcasting, a media broadcasting company with 24 stations across 13 states (the “Tenant”), a subsidiary of Allen Media Group. The lease has 15.4 years remaining with a NNN lease structure, offering investors long-term cash flow, and features four (4), five-year renewal options and attractive annual rent bumps throughout the primary term & renewal options.

Fort Wayne-Allen County, Indiana is a vibrant metropolitan area with a population of 394,545, anchored by the second-largest city in the state. The region boasts a diverse economy led by major employers such as Parkview Health (8,986 employees), Amazon (4,650 employees), and General Motors (4,320 employees), spanning industries from healthcare to advanced manufacturing. Fort Wayne's educational landscape is anchored by Purdue University Fort Wayne, offering nearly 200 academic programs to the 14,300 students enrolled annually. Recent developments showcase the area's growth, including the $500 million Electric Works project opened in 2022, the ongoing $98 million Lofts at Headwaters Park (208 units, 15 townhomes, & commercial space) set to open in 2025, the $100 million The Pearl & The Pearl Street Arts Center (70 units & commercial events venue) set to open in 2025, and Google's first phase of a proposed $2 billion data center complex currently under construction.

The Offering provides investors with the opportunity to acquire over 15.4 years of passive cash flow from a national broadcasting tenant in a premier market with exceptional real estate fundamentals.

Broker of Record

Kenneth Martin

Senior Managing Director

License #RB19001364