Princess City Plaza in Mishawaka sold to Illinois investment trust

Heidi Prescott, South Bend Tribune

Saturday, August 23, 2014 8:21 AM

MISHAWAKA — A prominent longtime Mishawaka shopping center has a new owner.

Inland Real Estate Corp., an Oak Brook, Ill.-based real estate investment trust, announced Friday that it has completed the purchase of Princess City Plaza for $28.6 million from Newmark Grubb Cressy & Everett Commercial Co. in Mishawaka.

Constructed in 1996 and 1997, Princess City Plaza is located on Day Road between Grape Road and Main Street. The shopping plaza comprises a Kohl’s-anchored strip center, a multi-tenant building, two free-standing restaurants and a specialty grocery store.

Some of the major tenants include Dick’s Sporting Goods, Old Navy, Gordman’s, Shoe Carnival, Petsmart, Noodles & Co., Carrabba’s and Whole Foods.

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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