Real Estate and Development News

Muncie Marketplace Developed and Sold by Midland Atlantic Properties

Muncie, Indiana – Built in March 2014, Muncie Marketplace was developed by Midland Atlantic Properties. Fully leased by national credit tenants, Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Men’s Wearhouse, AT&T and Jersey Mike’s Subs, the development was completed with all tenants opening between Fall 2014 and Spring 2015, then sold to American Realty Capital Partners in June 2015. 

The 77,871 square foot retail development offers a superior real estate position. Muncie Marketplace is situated on the primary traffic artery (McGalliard Road) at a signalized intersection (Barr Street) which serves as an entrance to the adjacent Muncie Mall (a Simon owned enclosed mall), Target and Muncie Plaza (a Simon owned power center).

Muncie, Indiana is a mid-tier market located about 50 miles northeast of Indianapolis. The city is the county seat of Delaware County with a population of approximately 70,000 (120,000 in trade area) and is home to Ball State University with over 22,000 students.