Offers Due July 31st! Value-Add Community Center in vibrant, Big 10 college town, 100% leased!
Eastland Plaza, a well-established and stabilized community shopping center serving Bloomington, Indiana, home of Indiana University, a four-year university with 48,500 students. Eastland Plaza consists of a 115,068 square foot community shopping center and two out lots with a total project size of 124,953 square feet. All three parcels are being sold together. The property is 100% leased with average rents approximately 28.6% below market and a 4.0 year WALT.
Eastland Plaza is strategically located in the heart of Bloomington’s College Mall submarket, directly adjacent to the campus of Indiana University, abundant student housing developments and densely developed single-family neighborhoods. The submarket is anchored by the College Mall, a ± 359,330 square foot, two-anchor Class B mall owned by Simon Property Group. Anchors Target and Dick’s now bookend an open-air component with Fresh Thyme and Ulta developed in 2018.