First National Realty Partners Acquired Kroger-Anchored Center

East Street, Indianapolis

We are pleased to announce the acquisition of Southern Plaza, a 59,500-square-foot Kroger-anchored shopping center located at 4200-4202 S East Street, Indianapolis, Kroger recently updated its storefront and renovated the store’s interior. The market-dominant center’s tenant roster also includes Ross, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, BMO Bank, and Sally Beauty.

“Southern Plaza is situated approximately five miles south of the largest city in the state of Indiana and the second largest city in the Midwest, said FNRP’s Matt Annibale, senior director of acquisitions. “The property’s strategic location and e-commerce resistant tenant mix offer an exceptional opportunity to expand in a dense and growing market. And the remaining vacancy in the center provides meaningful upside potential by way of increased occupancy and cash flow.”

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