Gibson Development Sells Eastview Commons Retail Center In Terre Haute For $5.3M

The property asset involved in the transaction is Eastview Commons, a newly built retail center located at 2499 US Route 40 in Terre Haute, IN. This retail asset includes four tenants, with a total square footage of 9,140 and was sold for $5,300,000, translating to a price per square foot of $580. The property is fully leased and anchored by Chipotle, alongside Azzip Pizza, Route 46 Liquors, and Nailvana. Built in 2025, it reflects continued investor demand for modern multi-tenant retail spaces.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,300,000
• Address: 2499 US Route 40
• Market: Terre Haute, IN
• Square Feet: 9,140
• Price Per Square Foot: $580
• Seller: Gibson Development
• Buyer: Pennsylvania-based private investor
• Brokerage: Hanley Investment Group
• Additional Broker: ParaSell Inc.

The deal was facilitated by Hanley Investment Group, which arranged the off-market sale. The transaction showcases the active interest from investors in newly constructed retail properties, further emphasizing the significance of a well-leased asset in a competitive market.