Hull Property Group Acquires Muncie Mall Retail Asset For $5.6M

The retail property located at 3501 North Granville Avenue in Muncie, Indiana, was sold for $5.6 million. Spanning 635,970 square feet, the property was acquired by Jim Hull & John Mulherin of Hull Property Group. The transaction was facilitated by the brokerage firm Newmark.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,600,000
• Buyer: Jim Hull & John Mulherin - Hull Property Group
• Market: Muncie, IN
• SF: 635,970
• Broker: Newmark

After an extensive redevelopment project, Hull Property Group acquired the Muncie Mall in Indiana. Despite anchor closures and declining occupancy levels, the group plans to collaborate with local stakeholders to revitalize Muncie's retail corridor, aiming to enhance the overall retail experience in the area.