TERRE HAUTE, Ind. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in the sale of single-tenant and multi-tenant retail properties, announced today that the firm has arranged the $5.3 million sale of Eastview Commons, a newly constructed, four-tenant retail center in Terre Haute, Indiana.
Hanley Investment Group's Executive Vice President Dylan Mallory, in association with ParaSell, Inc., represented the seller, Gibson Development of Terre Haute, in an off-market transaction. The buyer, a private investor based in Pennsylvania, was self-represented.
"This transaction reflects the strong demand we continue to see for new-construction, multi-tenant retail in high-growth corridors," Mallory said. "We sourced an experienced, repeat buyer out of Pennsylvania through our existing relationships and ongoing conversations with private capital. The combination of credit tenancy, new construction and the strength of the real estate made Eastview Commons an ideal match for their investment criteria."
Built in 2025, Eastview Commons is fully occupied and features a diverse, internet-resistant tenancy, anchored by a high-volume Chipotle location. The 9,140-square-foot property, located at 2499 IN-46, is positioned as a pad to a Walmart Supercenter, one of the region's highest-traffic retail tenants, drawing more than 220,000 monthly visitors and ranking in the top 30% nationally.
Eastview Commons is located less than a quarter-mile from the planned Lost Creek Landing, a new shopping center development by Gibson Development, where a freestanding Target broke ground in April of this year. Gibson Development has spurred development along IN-46 in Terre Haute, bringing many national tenants to the growing retail corridor.
The Chipotle drive-thru location at Eastview Commons marks the brand's first store in Terre Haute, which was previously one of the nation's largest population centers without a Chipotle. Additional tenants include Azzip Pizza, an Evansville-based concept with 13 locations and its second store in the Terre Haute market; Route 46 Liquors; and Nailvana, the latter two operated by experienced multi-unit operators.
Terre Haute continues to strengthen its position as a regional hub in west-central Indiana, supported by a population of more than 60,000, a high concentration of governmental facilities, and home to Indiana State University and Rose-Hulman Institute of Technology, two nationally recognized universities.
Mallory added, "Eastview Commons is positioned to benefit from the long-term fundamentals driving retail performance in Terre Haute — stable population base, strong traffic generators, and the continued expansion of national brands in the market. These factors make well-located, new-construction retail one of the most sought-after investment profiles in the Midwest."
Hanley Investment Group has completed $725 million in Midwest retail sales totaling 2.8 million square feet in the last 36 months, including $75 million of retail assets in the state of Indiana over the past 12 months. In the final two months of 2025, Mallory completed the sale of five multi-tenant retail centers across the Indianapolis metro area.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a transaction track record exceeding $12.8 billion, specializing in the sale of retail properties nationwide. The firm's expertise, proven track record spanning more than 20 years, and dedication to putting clients' needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property-specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group's relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit hanleyinvestmentgroup.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Dylan Mallory, Executive Vice President
Email: Send Email
Phone: 949.585.7678
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: https://hanleyinvestmentgroup.com/
Country: United States
Website: https://hanleyinvestmentgroup.com/
