Merrillville Plaza_Property for Sale
Merrillville Plaza_Property for Sale
1932 E. 81st Ave, Merrillville, IN, 46410, US

Merrillville Plaza

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Merrillville Plaza – an investment grade anchored power center in a high barrier to entry location 45 miles Southeast of Chicago. This Property is anchored by investment-grade tenancy that includes T.J. Maxx (TJX – A2), and Dollar Tree (DLTR – Baa2) and is supported by dominant national tenants and local service users. Merrillville Plaza is a unique opportunity to acquire a stable income stream anchored by market dominant tenancy.



Building area Gross
235,926 sf
Year built


Investment Highlights

Recent Leasing Velocity – 132,937 SF | 56% OF GLA

  • New 7-Year Lease with Dollar Tree• New 10-Year Lease with dd’s Discounts
  • New 10-Year Lease with The Room Place
  • New 10-Year Lease with D1 Fitness
  • New 10-Year Lease with Sleep Number
  • New 5-Year Lease Renewal with T.J. Maxx
  • Pending 5-Year Lease Renewal with David’s Bridal

Secure Income Stream With Multiple Tenant Drawing Power And Ideal Tenant Spacing

  • Nearest T.J. Maxx location: 11 miles
  • Nearest dd’s Discounts location: 17 miles
  • Nearest The Room Place location: 26 miles
  • Nearest Dollar Tree Location: 26 miles
  • Main And Main Retail Location
  • Strategically located 0.5 miles directly East of I-65/Hwy 30 interchange

Supported By Category Leading Shadow Anchors Within High-Performing Dense Retail Corridor

  • Adjacent to Crossings at Hobart, anchored by 5 investment grade tenants: Walmart & Sam’s Club (Aa2), Ross Dress for Less (A2), Best Buy (A3), and Dick’s Sporting Goods (Baa3)
  • The combined centers see a combined 9.3mm visits annually

Diversified Tenant Mix

  • No one tenant contributes more than 18% of income- lowering risk and strengthening economic durability
  • Anchors (>10k SF) contribute 64% of total tenant income
Merrillville Plaza 4_Property for Sale

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Merrillville Plaza (0 Properties)

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Last updated
6 Mar 2023