Overview
Cushman & Wakefield Retail Investment Advisors presents Glendale Town Center, a 177,269 SF open-air shopping center on 16.25 acres in Indianapolis’ premier north-side infill submarket. The center is 69% leased and anchored by Ross Dress for Less, Staples, and Old Navy. High-performing shadow anchors - Target and Lowe’s - drive steady destination traffic at the highly visible Keystone Avenue & 62nd Street intersection (69,265 VPD).
Glendale Town Center serves a dense, affluent trade area of 218,000+ residents with average household incomes above $112,000 within five miles. The diverse national tenant mix is complemented by a strong medical presence from IU Health Physicians and ATI Physical Therapy, ensuring consistent, needs-based demand and daytime activity.
The center is uniquely supported by significant on-site multifamily density, led by the 267-unit AYR Apartments directly integrated into the property. Additional multifamily development is planned on the Landmark Theatre parcel, positioning the asset to capture ongoing residential growth.
With its prime infill location, diverse tenant base, built-in residential demand, and multiple repositioning and value-creation paths, Glendale Town Center represents a compelling value-add investment opportunity in the heart of Indianapolis.
Investment Highlights
DENSE, INFILL LOCATION IN CORE INDIANAPOLIS
• Prominent open-air community center at 62nd & Keystone, embedded in an established, high-income north-side neighborhood with more than 218,000 residents and $112,000+ average household income within 5 miles.
SHADOW-ANCHORED BY DAILY-NEEDS POWERHOUSES
• High-performing Target and Lowe’s create consistent destination traffic and serve as powerful shadow anchors for the center, drawing from a wide regional trade area.
STRONG NATIONAL TENANT LINEUP AND MULTIPLE MEDICAL / HEALTHCARE TENANCY
• Lineup includes Ross Dress for Less, Old Navy, Five Below, Bath & Body Works, Staples, Carter’s and Mattress Firm, and other national retailers, providing a diversified, needs-based tenancy.
• Top-tier regional medical operator, IU Health Physicians, an arm of Indiana University Health hospital system, along with ATI Physical Therapy, drive consistent, non-cyclical traffic and reliable daytime population support to the overall center.
HIGH-VISIBILITY, HIGH-ACCESS CORNER
• Multiple full-access points along N Keystone Avenue and E 62nd Street with strong traffic counts and excellent signage opportunities, including prominent pylon identity visible from Keystone.
MULTIFAMILY DENSITY DIRECTLY ON-SITE WITH PLANS FOR FURTHER DENSIFICATION
• Immediate adjacency to hundreds of apartments directly connected to the shopping center, creating a built-in customer base
• Future, additional multi-family development planned for current Landmark Theatre parcel (NAP)
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Sales Team
