THE ASSET

• 8.36-acre land parcel located at 10500 Diebold Road in Fort Wayne, IN. Subject property is located in the heart of the northeast Ft. Wayne’s dominant commercial and medical sub-market anchored by Parkview Regional Medical Campus (6,250 employees, 9,000 daily visits), Dupont Hospital, Manchester University, and a future Meijer grocery store (opening in 2022).

THE OPPORTUNITY

• Create a class-A mixed-use development that will include restaurant, retail, healthcare and/or office users.

• Attractive land basis at 30% below market value.

• Within two miles of tremendous daily traffic drivers and benefits from premier visibility at a signalized intersection just ½ mile east of a I-69 full interchange.

THE RESULT

• After finalizing a TIF agreement, we sold the land to another developer and closed in December 2022