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Indianapolis — Sept. 9, 2014 — JLL’s Retail Group today announced that the firm has been retained to lease and manage Washington Square Mall in Indianapolis, Ind.
The nearly 1-million-square-foot regional shopping mall was built in 1974 and underwent a comprehensive renovation in 1999. Its tenant mix includes more than 80 national, regional and local retailers, and is anchored by Sears, Dick’s Sporting Goods, Target and Burlington Coat Factory.
Regional manager Rick Vita is leading the JLL team on this assignment.
“Washington Square Mall has a long history in the Indianapolis market and the JLL team looks forward to managing and leasing this property," he said. "This change will not affect the day-to-day operations of the mall; the center’s retailers and shoppers can expect a smooth transition."
JLL’s Retail Group serves as the industry’s leader in retail real estate services. Its more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site-selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease.
The firm has more than 90 retail brokerage experts spanning more than 25 major markets, representing more than 440 retail clients. As the largest third-party retail-property manager in the United States, JLL’s retail portfolio has 350 centers, totaling 67 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.
