Porter’s Vale

Location: Valparaiso, IN
Type: Retail
Price: $20,000,000

SMC has provided a $20,000,000 ten-year fixed rate mortgage for the acquisition of Porter’s Vale Shopping Center, a 277,059 SF anchored shopping center located in Valparaiso, IN. The Property is 97.5% leased to 15 tenants including Hobby Lobby, Gordman’s (Stage), Dick’s Sporting Goods, Cinemark, and HomeGoods. The Property was built in phases from 2008-2017 and is located approximately 50 miles southeast of the Chicago CBD.