Pine Tree Acquires Town Square Shopping Center in Northwestern Indiana for $23M

by Christina Cannon

SCHERERVILLE, IND. — Pine Tree Commercial Realty LLC has acquired Town Square shopping center, a 138,571-square-foot center located approximately 15 miles southwest of Gary, for $23 million. Bed Bath & Beyond and TJ Maxx anchor the center, which is also home to tenants including Old Navy and Shoe Carnival. The acquisition was brokered by HFF, and Wells Fargo provided financing. The seller in the transaction was undisclosed.

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