Ziff Real Estate Partners Acquires Avalon Crossing Shopping Center From Landmark Properties

Why It Matters

The transaction underscores continued demand for stable, cash‑flowing neighborhood retail properties and highlights Colliers’ brokerage strength in the Midwestern market. It also expands Ziff Real Estate Partners’ portfolio in a resilient asset class amid evolving consumer habits.

Key Takeaways

• Avalon Crossing spans 82,847 sq ft across three buildings.
• Sale price undisclosed; transaction highlights Indianapolis retail market activity.
• Property was 92.6% leased to 18 tenants at closing.
• Anchor tenants include Starbucks, Dollar Tree, Jimmy John’s, Anytime Fitness.
• Ziff Real Estate Partners expands portfolio with neighborhood shopping center.

Pulse Analysis

The sale of Avalon Crossing, an 82,847‑square‑foot neighborhood shopping center in Indianapolis, was brokered by Colliers and closed with Ziff Real Estate Partners as the buyer. The property, owned by Landmark Properties, comprises three low‑rise buildings anchored by national brands such as Starbucks and Dollar Tree. While the purchase price was not disclosed, the transaction underscores the resilience of secondary‑tier retail assets in the Midwest, where investors continue to seek stable cash flow from well‑leased community centers. The deal aligns with a broader trend of investors targeting assets that deliver consistent foot traffic and limited vacancy risk.

At the time of sale, Avalon Crossing was 92.6 percent leased to 18 tenants, a occupancy level that exceeds the national average for similar‑size centers. The tenant roster blends essential services—Dollar Tree and Anytime Fitness—with quick‑service food concepts like Jimmy John’s, creating a diversified revenue base that mitigates risk during economic fluctuations. Such a high lease‑up rate is attractive to institutional buyers, as it reduces the need for immediate re‑leasing efforts and supports predictable net operating income. Furthermore, the presence of a fitness center provides a non‑discretionary draw that bolsters daily visitation numbers.

Colliers’ role in negotiating the deal highlights its strong foothold in the Midwestern commercial‑real‑estate market, reinforcing the firm’s reputation for handling complex, multi‑tenant transactions. For Ziff Real Estate Partners, acquiring Avalon Crossing adds a stable, cash‑generating asset to a portfolio that increasingly emphasizes suburban and neighborhood retail locations, a segment that has shown resilience despite the rise of e‑commerce. The transaction also signals confidence in Indianapolis’ economic outlook, as developers and investors anticipate continued population growth and consumer spending that will sustain demand for accessible retail amenities. Analysts expect similar transactions to accelerate as capital seeks yield in a low‑interest‑rate environment.

Deal Summary

Ziff Real Estate Partners has completed the acquisition of the 82,847‑square‑foot Avalon Crossing Shopping Center in Indianapolis from Landmark Properties. The sale was negotiated by Colliers, with Colliers representatives Alex Davenport, Rachel Patten and Alex Cantu, and Veritas Realty’s Seth Biggerstaff representing the seller. The center, 92.6% leased to 18 tenants including Starbucks and Dollar Tree, changes ownership to Ziff Real Estate Partners.