PK Partners, LLC ( Development / Leasing / Investment Real Estate ) - Indianapolis, Indiana
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Nora Plaza Shops



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Overview
Nora Plaza Shops is the third phase of a multi-phase redevelopment to improve the retail experience at Nora Plaza, a regional shopping center that was purchased by PK Partners in 2004 and then partially sold in mid-2007. This parcel was separated from the remainder of Nora Plaza at that time and construction of the Nora Plaza Shops building was completed late in 2007. Nora Plaza Shops has the advantage of being the closest part of the shopping center to 86th Street and benefits greatly from that excellent visibility. Additionally, the new building provides an upgraded street presence for the entire shopping center from the fast food restaurant that previously occupied this site.

The design of the 11,200 square foot Nora Plaza Shops building is similar to the design of the remainder of Nora Plaza which was renovated by PK Partners in 2006. This design continuity visually ties the two parcels together to create a larger, more unified shopping experience. Another highlight of the Nora Plaza Shops project is the integration of an access point to the Monon Trail, an urban greenway that links commercial districts, schools, parks, the state fairgrounds and a dozen residential neighborhoods. The Monon Trail is believed to be one of the busiest greenways in the nation.

Nora Plaza Shopping Center is located on 86th Street at Evergreen Road and is approximately two miles west of the Keystone at the Crossing shopping area. The shopping center is anchored by Target, as well as Whole Foods Market, Marshall's, PNC Bank, Goodman Shoes, Hallmark Gold Crown Store, Cord Camera and Starbucks. Nora Plaza is located in a very densely populated area with traffic counts on 86th Street of over 40,000 cars per day. Nora Plaza is an excellent location with mature established shopping patterns and a nice variety of national, regional, and local tenants flavoring the center.

Please feel free to contact us with any questions on this property.

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