MANAGED & SOLD: Valparaiso Walk, Valparaiso, IN

We acted as receiver, property manager and oversaw leasing for this 138,000 SF regional retail center anchored by Best Buy, Marshall’s, Bed Bath & Beyond, and Michael’s. CapRock increased occupancy at the property to 100% occupancy and it was sold to Inland Real Estate Corp. in December 2012 for $21.9 million – a 100% recovery of the outstanding debt amount.