Lafayette, IN – Faris Lee Investments, a leading national retail investment firm, has successfully closed the sale of Beck Plaza, a multi-tenant shopping center in Lafayette, Indiana. The property spans 41,200 square feet and is shadow-anchored by Pay Less Supermarkets/Kroger. The tenant lineup includes nationally recognized brands such as Dollar Tree, MetroPCS, Subway, Edward Jones, Papa John’s, Rent-A-Center, and Cato Company.
Beck Plaza benefits from its prime location along Beck Lane and Old US Highway 231, with a combined traffic count exceeding 21,000 vehicles per day. Additionally, the property is just a five-minute drive from Purdue University, a major economic driver in the region with over 50,000 enrolled students. The center’s positioning within a strong retail corridor ensures consistent consumer traffic and long-term investment stability.
Managing Principal Jeff Conover, Sr. Managing Director Scott DeYoung and Director Greg Lukosky represented the Seller, a mid-western based family office in this transaction. The Buyer based out of Texas was represented by SEPG Associates. Faris Lee Investments strategically highlighted the property’s value-add potential, with 19% current vacancy and vacant land pads, providing upside leasing opportunities, as well as its competitive pricing at $112 per square foot—below replacement cost. Faris Lee’s national plat-form of private client, family office and 1031 Exchange buyers secured for a quick marketing process and smooth transaction.
Beck Plaza represents a compelling investment opportunity in a high-demand retail trade area. The center’s diversified tenant mix, strong surrounding demographics, and proximity to Purdue University contribute to its long-term growth potential.
About Faris Lee Investments:
Faris Lee Investments is one of the nation’s leading retail investment advisory firms, and among the first to operate under a unified, team-oriented platform. The company combines advanced underwriting, market research, and creative marketing strategies designed to maximize client value. Faris Lee provides advisory services across dispositions, acquisitions, recapitalizations, distressed asset resolutions, portfolio sales, and corporate sale-leaseback transactions.
For more information, visit www.farislee.com