STREAM Executes $15.5 Million Sale of Furniture Store in Indianapolis, Indiana
CHICAGO, IL – June 20, 2019 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, recently represented the seller in the $15,500,000 sale and leaseback of Kittle’s Furniture in Indianapolis, Indiana.
Kittle’s Furniture has been in business for over 87 years and is well-known throughout Indiana. 160,598 square foot store is located just off Interstate 465 and one block from Castleton Square, Indiana’s largest mall.
“This was a great transaction for buyer and seller,” said Lizzo. “The buyer is getting a very well-located property in a high-income submarket of Indianapolis under a long-term lease. The seller is a best-in-class furniture tenant who has been in business since the 1930’s. The seller is going to use the proceeds to invest in the continued growth of its business.”
Please contact brokers Jeff Lizzo and Jonathan Wolfe for further details on this transaction.