The 87,083 square foot center is anchored by a Marsh Supermarket and includes other national tenants including AT&T, Verizon Wireless, Noodles & Co., Great Clips, and Papa Murphy’s Pizza. Marsh Supermarkets, the leading grocer in the area, was founded in Muncie, Indiana and now has 75 locations in the region. The project is expected to provide investors with consistent cash flow averaging over 9% per year.
“We are excited about the prospects of Marsh Plaza.” said Michael Adler, president of Adler. “This property successfully meets one of our investment strategies of finding the best locations in healthy smaller markets, which should provide our investors a high yielding cash flow return, with a good opportunity for appreciation.”
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