CBRE is pleased to present qualified investors the unique opportunity to acquire Marquette East, a 66,270-square-foot shopping center strategically positioned in the growing market of Michigan City, Indiana. Marquette East is anchored by Planet Fitness who recently exercised two, five-year options through 2033 demonstrating their long-term commitment to the Property. Planet Fitness is joined by a diverse line-up of internet-resistant, service-based retailers including GNC, LaPorte County Convention & Visitors Bureau, and Sake Asian Fusion. Further, the Property is attached to Marquette Mall.
Marquette East is located at the prime intersection of Franklin Street and US Highway 20, a corridor home to dominant national retailers including Meijer, Walmart, Lowe’s, Menards, AMC, and more. Further, Michigan City is experiencing an economic boom due to many current and planned developments underway. These projects include the $311 million mixed-use SoLa development and the $101 million Franklin Street apartment units.
At 69.2% occupied, Marquette East offers investors the opportunity to acquire an asset with significant upside potential located in a growing market and dominant retail corridor.