Prudent Growth Partners LLC, a private equity real estate firm with locations in Chapel Hill and Charlotte, N.C., has purchased Indian River, a 32,600-square-foot multi-tenant shopping center located in D’Iberville, Miss., for $7.6 million.
Built in 2004, the property is part of Lakeview Village, a 150-acre retail development project in D’Iberville. Indian River is anchored by a Walmart Supercenter, Lowe’s, and Academy Sports.
“Given its Wal-Mart and Lowe’s shadow position and location within an active business district, we are confident about this center’s performance going forward,” states Tom Hahn, president of Prudent Growth Partners.