REAL ESTATE

Sold: Fishers Crossing in Fishers, Ind., for $4.1 million

BY Michael Fickes

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New York — Viking Partners, a private equity real estate firm, has sold the Fishers Crossing shopping center in Fishers, Ind., to a private California investor for $4.1 million. The tenant lineup in the 29,569-sq.-ft. center includes Advance America, Pet Supplies Plus, Papa John’s Pizza, Elegant Nails, Café Korea and Krav Maga. A strong Kroger supermarket shadow anchors the center.

Fishers Crossing was just 55% leased when Viking Partners Fund II LLC acquired it in early 2012. Located in an established Indianapolis suburb, the center has strong demographics. More than 54,000 vehicles pass by every day. The trade area population is 156,309, and the average household income is $92,679.

The excellent demographics enabled the Viking Partners fund to lease the property fully within two years. Pet Supplies Plus, a national tenant, took the largest vacancy, a 6,400-sq.-ft. space.

Marcus & Millichap brokered the sale, while Katz, Teller, Brant & Hild provided legal counsel to Viking.

Viking Partners seeks to acquire value-added real estate opportunities located in the Midwest and Southeast with a transaction range of $2 million to $25 million.

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REAL ESTATE

EDENS signs four at Park Road in Charlotte, N.C.

BY Michael Fickes

Columbia, S.C. — EDENS has announced that four new local retailers and restaurants will open at Park Road Shopping Center in Charlotte, N.C., in the coming months.

The newly announced additions include:

• Cantina 1511, a Mexican eatery, plans to open toward the end of this summer.

• Va Da Vie is a local gelato store scheduled to open in February.

• LALA Girl, a locally owned beauty service makeup bar, plans to open this spring.

• RockSalt, a Rappahannock Oyster Co. concept, is a farm-to-table restaurant, which also has a seafood orientation.

These new retail concepts will accompany the relocation of Omega Sports within the center. Omega has taken part of the former Rack Room space and plans to introduce a new prototype.

EDENS acquired Park Road in 2011. Extensive renovations have improved traffic circulation, created more of a walk-able community, improved outdoor dining areas and landscaping, added new outdoor dining areas and enhanced the center’s façade, storefronts and sidewalks.

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EDENS signs four at Park Road in Charlotte, N.C.

BY CSA STAFF

Columbia, S.C. — EDENS has announced that four new local retailers and restaurants will open at Park Road Shopping Center in Charlotte, N.C., in the coming months.

The newly announced additions include:

• Cantina 1511, a Mexican eatery, plans to open toward the end of this summer.

• Va Da Vie is a local gelato store scheduled to open in February.

• LALA Girl, a locally owned beauty service makeup bar, plans to open this spring.

• RockSalt, a Rappahannock Oyster Co. concept, is a farm-to-table restaurant, which also has a seafood orientation.

These new retail concepts will accompany the relocation of Omega Sports within the center. Omega has taken part of the former Rack Room space and plans to introduce a new prototype.

EDENS acquired Park Road in 2011. Extensive renovations have improved traffic circulation, created more of a walk-able community, improved outdoor dining areas and landscaping, added new outdoor dining areas and enhanced the center’s façade, storefronts and sidewalks.

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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