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Maquina Realty acquires three shopping centers from Casto.
Indianapolis, IN (PRWEB) April 16, 2004 -- Maquina Realty Corporation, a Indianapolis based real estate development company, is pleased to announce the purchase of Castleton Square Marketplace, Castleton Square Pavilion and Champaign Marketview Center. The seller is Casto, a real estate development firm located in Columbus, Ohio.
Castleton Square Pavilion and Castleton Square Marketplace, Indianapolis, IN, are strategically situated at the northeast quadrant of Interstate 465 and Allisonville Road and offers frontage and access on both East 86th Street and Castleton Corner Drive. These complimentary community centers are adjacent to Castleton Square Mall, Indianas #1 mall. Castleton Square Pavilion, a 59,926 SF property, boasts tenants that include Outback Steakhouse, Sofa Express and Futon Factory. At 50,391 SF, Castleton Square Marketplace tenant mix includes Guitar Center, Danish Inspirations and The Mattress Firm.
Market View Center, Champaign IL, is a dynamic shopping center located immediately off the Interstate 74 exit at the Market Street and Market View Drive intersection. This 86,257 square foot center is in the center of this college towns retail trading area. Anchor tenants include TJ Maxx and MC Sports with support from shadow anchors Barnes and Noble and Bed Bath and Beyond.
We are truly excited about adding these three outstanding properties to our portfolio.
This acquisition fits our strategic growth plan very well and is a real coup for our company. We fully expect these centers to drive strong returns for our investors, stated Michael J. Robbins, Principal, Maquina Realty Corporation.
Bernie Tuggle, Vice President, US Bank added, We are very pleased to have partnered with Maquina on this deal. Maquina will bring a lot of value to this property that already enjoys great location and demographics.
Maquina Realty Corporation, is a Indianapolis, Indiana based full service real estate company providing exceptional opportunities to investors, tenants, sellers and lenders through value-added acquisitions, new development, leasing and management of neighborhood and community retail shopping center properties located in Indiana, Ohio, Michigan, Kentucky and Illinois.
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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