Birmingham, Ala. – Sanders Capital Partners, LLC, a Birmingham-based real estate acquisition and development firm, has recently completed the purchase of the Windridge Shops, a neighborhood retail center located in Indianapolis, Indiana. The $3 million acquisition marks Sanders Capital Partners’ continued investment into Indiana and the broader Midwest market.
This 11,628 square-foot retail center is located off of East Fall Creek Parkway adjacent to a Walmart Neighborhood Center. The Windridge Shops are home to other service-oriented retail tenants including ATI Physical Therapy, Subway, and La Cantina Mexican Restaurant.
“The Midwest has been a fruitful region for Sanders Capital Partners, and we plan on continuing to increase our exposure to quality Midwest markets,” states Jackson Stewart, Executive Vice President & General Counsel for SCP. “We are pleased to join this particular submarket of Indianapolis, as the center’s tenant mix has proven to be durable and useful to the community it serves.”
The Sanders Capital Partners team has built its portfolio by strategically acquiring and developing properties in the southeastern, midwestern, and southwestern United States since its inception more than eight years ago.
For more information regarding the acquisition of the Windridge Shops or Sanders Capital Partners, please contact Krista Conlin at krista@kcprojects.net.
About Sanders Capital Partners Sanders Capital Partners develops and acquires retail centers, medical properties, strategic land and light industrial properties primarily throughout the southeastern, midwestern, and southwestern United States. Sanders Capital Partners has significant capital and real estate expertise to acquire or develop stabilized income-producing assets. Sanders Capital Partners currently owns properties throughout the southeast, midwest, and southwest.