PLAINFIELD, IN

2499 Perry Crossing Way, Plainfield, IN 46168
SQF 593,000 SF Tenants 54

General Information:

The Shops at Perry Crossing represents a unique investment opportunity in an established lifestyle center within the Indianapolis metropolitan area.

With nearly 593,000 square feet of leasable area and occupancy of approximately 87%, the Property is supported by high-performing anchor tenants such as AMC, Dick’s Sporting Goods, Barnes & Noble, and JCPenney, helping drive consistent customer traffic and long-term operational stability.

The asset also offers compelling value-add potential, as current rents remain below market levels. This creates an opportunity to increase revenue through the lease-up of vacant space and the adjustment of rental rates to prevailing market levels. In addition, approximately $10 million has recently been invested in property improvements, ensuring a modern, well-maintained, and competitive asset.

The Shops at Perry Crossing is strategically located in Plainfield, Indiana, approximately 10 to 13 miles southwest of downtown Indianapolis, providing direct access to one of the Midwest’s most dynamic and rapidly growing metropolitan areas. Its proximity to Indianapolis International Airport—recognized as one of the top airports in North America—enhances regional connectivity and supports a steady flow of both local and out-of-market visitors.

The Property is situated within a highly active retail corridor and is surrounded by major traffic generators such as Walmart and Target, which attract millions of visits each year. The immediate area also features a strong mix of residential developments, multifamily communities, and hotels, providing a consistent consumer base and sustained demand for the center’s retailers.

The center also benefits from an extensive trade area, with a significant population within its retail radius and a high percentage of visitors traveling from more than 5, 7, and even 10 miles away. This further reinforces its position as a regional shopping destination.

This combination of strategic location, strong connectivity, and market density positions The Shops at Perry Crossing as a key retail destination within the region’s commercial ecosystem.