Search
 

Lauth Buys 55-Acre Brownsburg Site

BROWNSBURG, IN-The company plans to build a 480,000-sf shopping center on the 55-acre site, which is just west of State Road 267 and along Northfield Road.

By Danielle Anderson | Updated on November 12, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

BROWNSBURG, IN-Lauth Property Group has closed on a 55-acre site just west of State Road 267, along Northfield Road, in this growing town about 10 miles northwest of Indianapolis. The Indianapolis-based company plans to erect Brownsburg Station, a 480,000-sf shopping center with several large anchors. The project, which has been site-plan approved, is slated for completion in October 2007.

The new development is good news for residents of Brownsburg, who historically have had to travel to Indianapolis or inner-ring suburbs to shop or dine at restaurants, Todd Barker, the town’s planning director, tells GlobeSt.com. The center also is expected to serve shoppers from outside the community. “It will definitely draw from communities west of us along Interstate 74 that have had to travel even farther than we did for those services,” Barker says. He points to the Wal-Mart SuperCenter at 400 W. Northfield Dr. as an example of retail that pulled shoppers from other towns when it first opened a decade ago.

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.