Prudent Growth Purchases Rivergate Shopping Center in Indiana

CHAPEL HILL, N.C., June 17, 2025 /PRNewswire/ -- Prudent Growth Partners, LLC, a private equity real estate firm based in Chapel Hill and Charlotte, NC, has completed its $4.4 million acquisition of Rivergate Shopping Center, a 45,314-square-foot shopping center located in Indianapolis, IN.

Built in 1985 and renovated in 1995, the property is set in a prime location within a thriving retail corridor, making it an exceptional addition to the Prudent Growth portfolio. It currently features 10 tenants offering staggered lease expirations and includes a healthy mix of lifestyle businesses and service providers. The center has been well maintained, and no significant deferred maintenance needs exist.

Rivergate Shopping Center is strategically positioned between Kroger and the Walmart Supercenter, along IN-44, Shelbyville's main retail thoroughfare. Shelbyville is approximately 25 miles from downtown Indianapolis, Indiana, the capital and largest city in the state, and is located along I-74, which experiences 37,000+ cars per day at the nearby exit. The area is also home to the Horseshoe Casino, owned by Caesars Entertainment, which offers gaming, dining, live entertainment, and horse racing events. Major retailers near the property include Harbor Freight, ALDI, Dollar Tree, Starbucks, Planet Fitness, Burger King, Verizon, Great Clips, Goodwill, Auto Zone, and Dollar General, among others.

"We're excited to add Rivergate Shopping Center to our portfolio. Its strategic location near Indianapolis and strong community presence make it a valuable property with tremendous potential. We look forward to enhancing the center and supporting the continued growth of the Shelbyville area. This acquisition reflects another solid purchase in Indiana for our investors and represents our ongoing commitment to investing in quality assets," said Tom Hahn, President of Prudent Growth Partners, LLC.

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital, along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.

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SOURCE Prudent Growth Partners, LLC