{"id":1004194440,"date":"2017-10-23T07:15:55","date_gmt":"2017-10-23T15:15:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194440"},"modified":"2022-12-08T20:12:58","modified_gmt":"2022-12-09T04:12:58","slug":"277-ksf-retail-center-sells-in-valparaiso-in","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/277-ksf-retail-center-sells-in-valparaiso-in\/","title":{"rendered":"Transwestern Reps Seller of 277 KSF IN Retail Center"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004194441\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194441\" data-attachment-id=\"1004194441\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/277-ksf-retail-center-sells-in-valparaiso-in\/2017_pv_storefronts\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone SE&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1502967851&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.15&quot;,&quot;iso&quot;:&quot;25&quot;,&quot;shutter_speed&quot;:&quot;0.00045495905368517&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2017_PV_storefronts\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Porter\u2019s Vale Shopping Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg?w=800\" class=\"wp-image-1004194441 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg\" alt=\"Porter\u2019s Vale Shopping Center\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2017_PV_storefronts.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194441\" class=\"wp-caption-text\">Porter\u2019s Vale Shopping Center<\/p><\/div>\n<p>Berengaria Development, a portfolio company of Marcus Investments, has purchased Porter\u2019s Vale Shopping Center, a 277,059-square-foot asset in Valparaiso, Ind. Transwestern represented the seller in the transaction.\u00a0<\/p>\n<p>Located at 410 Porters Vale Blvd., the property is along Highway 49, one mile north of the regional US 30 Highway and 49 Interchange. The <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-sees-bright-future-for-mall-properties\/\">shopping center<\/a> was 96 percent occupied at the time of the acquisition, to tenants including Dick\u2019s Sporting Goods, Five Below, Home Goods, Hobby Lobby, Party City, Cinemark, Kirkland\u2019s, Gordman\u2019s, McAllister\u2019s Deli, Message Envy and Mattress Firm. Porter\u2019s Vale Shopping Center is adjacent to a 103,000-square-foot JCPenney department store and a 190,000-square-foot Meijer supercenter, which is slated for completion by summer 2018.<\/p>\n<p><em>\u201cWe were attracted to the Porter\u2019s Vale Retail Center because it is a mid-size lifestyle center with stable big-box tenants and excellent growth potential. We and our investors expect to benefit from a significant increase in consumer traffic with the opening of the new Meijer supercenter currently underway, and there is room for additional value creation through the development of several outlots,\u201d <\/em>said Jay Peirick, president of Berengaria Development, in prepared remarks.<\/p>\n<p><em>Image courtesy of Berengaria Development<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berengaria Development has acquired the 277,059-square-foot shopping center with 96 percent occupancy rate. Tenants include Dick\u2019s Sporting Goods, Five Below and Home Goods. <\/p>\n","protected":false},"author":871,"featured_media":1004194441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21783,13,21742,21749],"tags":[],"class_list":["post-1004194440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-investment","category-midwest","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transwestern Reps Seller of 277 KSF IN Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/277-ksf-retail-center-sells-in-valparaiso-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transwestern Reps Seller of 277 KSF IN Retail Center\" \/>\n<meta property=\"og:description\" content=\"Berengaria Development has acquired the 277,059-square-foot shopping center with 96 percent occupancy rate. 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