RCG Ventures (Fund III) Acquires Michigan City, Indiana Shopping Center
The 114,867-SF Lake Park Plaza is located halfway between Lake Michigan (to the north) and Interstate 94 (to the south). The center is positioned along Franklin Street which is the main north-south corridor in Michigan City. The center has excellent visibility and is anchored by Hobby Lobby, Jo-Ann Fabrics, and shadow-anchored by a 115,000-SF Big R Store (owned separately). National retailers in close proximity to the center include Walmart Supercenter, Lowe’s, Meijer, and Menards. The seller was represented by Janice Sellis of Transwestern and RCG was represented in-house by Jim O’Donnell.
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