The Brookshire Village Shoppes retail center has sold.
Brent Benge, president and CEO of Indianpolis-based real estate investment firm KennMar, confirmed the Sept. 12 sale but declined to disclose the sale price. KennMar is part of a group of investors that bought the retail center on the southwest corner of 126th Street and Gray Road.
Brookshire Village Shoppes was home to the city’s lone grocery store east of Keystone Parkway until Marsh supermarkets went out of business in mid-2017. Benge said he’s in discussions with a handful of grocery stores with a presence in Marion or Hamilton County about coming to the site.
“These kinds of projects are not easy, especially when we’re trying to put a business in there that’s in an industry that’s getting beat up right now with online (retailers), but we’re determined,” Benge said. “We’re going to work our tails off to try to get it done. The whole area has been patiently waiting, so we hope to have more news in the coming weeks.”
Benge said it’s still unclear if developers will partner with the City of Carmel to enhance the site.
The site was almost sold in March to an unnamed developer who planned to anchor the shopping center with a grocery store. That deal fell through when the developer and grocer failed to reach an agreement.
The O’Malia family, the previous owner of Brookshire Village Shoppes, opened a grocery store there in 1982 and operated it until 2001, when it sold its stores to Marsh. Several tenants remain, including CVS, Gymboree Play & Music and Rad’s restaurant.
This story will be updated.