March 23, 2016
Gershman Partners and Citimark Inc. have joined forces to acquire the 180,000-square-foot Lockerbie Marketplace. The four building asset, located at New York and Alabama Streets in downtown Indianapolis, was once the site of an old Sears building.
The property was acquired from Endless Success Foundation Inc. for a reported $20 million. The new owners, based in Indianapolis, will invest in upgrades to attract office and retail tenants. The property is currently 72% occupied.