Search
 

Duke, Anderson in Retail JV

INDIANAPOLIS-The developers plan to build four lifestyle centers costing a total of $350 million and have already identified two sites.

By Ian Ritter | Updated on April 07, 2006

(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

INDIANAPOLIS-Duke Realty and Jeffrey R. Anderson Real Estate are teaming up in a 50-50 joint venture to build four lifestyle centers valued at about $350 million. The partnership has already identified two centers it is developing, totaling nearly 750,000 sf between them.

The Shoppes at Montage in Northeast Pennsylvania, between Scranton and Wilkes-Barre, will have 327,440 sf of shop space. Reports have estimated that the center will open some time in next spring.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.