MIAMI (November 18, 2019)—Tiktin Real Estate Investment Services (TREIS) and Riser Retail Group (RRG) have announced the joint listing of Towne South Plaza, a 163,243 square-foot multi-tenant shopping center located at 3600-3810 South U.S. 41 in Terre Haute, IN. Anchored by Ross Dress for Less® (“Ross”), TJ Maxx and Best Buy, the plaza has been listed for $21.85 million.
Towne South Plaza was originally constructed in 1977 and underwent a comprehensive renovation in 2019. The property is located within the Terre Haute regional trade area, notably the largest retail market in west central Indiana, serving over a half-million residents throughout 20 counties.
Towne South Plaza is fully occupied by a strong mix of national credit tenants. The property offers a distinctive value-add opportunity, as the site has just one 12,000 square-foot vacancy and allows future development of up to 50,000 square feet.
For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.
About Tiktin Real Estate Investment Services
Tiktin Real Estate Investment Services (TREIS) is a South Florida-based commercial real estate investment sales brokerage firm specializing in the sale of shopping centers and office buildings in Florida and single-tenant net lease properties nationally. Founded in 2001 by industry veteran Adam J. Tiktin, TREIS is committed to a higher level of service and an unmatched standard of integrity. The investment sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies. www.tiktinrealestate.com.
Need Riser Retail Group (RRG)
Riser Retail group (RRG) is a boutique commercial real estate brokerage company that specializes in the acquisitions and dispositions of retail, office, and industrial properties throughout the United States. Through its industry expertise, capital market knowledge, innovative marketing techniques and creative deal structuring abilities, RRG is able to deliver the highest level of service for its clients. RRG’s extensive nationwide investor relationships provide a national marketplace for client listings. The team is exceptional at improving capital from inflationary driven markets to higher yielding investments generating maximum property value for the Seller and a higher yielding return for the Buyer. This win-win approach coupled with its client focused relationships often results in long term relationships where RRG becomes an extension of the client’s team. For more information, visit https://riserretailgroup.com.