KennMar is pleased to announce that it has signed leases with Dave’s Hot Chicken, Azzip Pizza, Starbucks and Panera for its College Park Crossing development located on Depauw Boulevard in Indianapolis. Comprised of 9.4 acres, the development includes four lots and three buildings; a free-standing 2,200 square foot building fully leased to Starbucks, a 10,000 square foot building that will be anchored by Panera, and a 10,000 square foot building that will be leased by Dave’s Hot Chicken and Azzip Pizza.
Construction on the Starbuck’s building began in January 2022 and is expected to be completed in early 3Q 2022. Construction on the 10,000 square foot retail center is also expected to be completed in early 3Q 2022 and includes a drive-thru, outdoor patio and a 3,500 square foot restaurant leased to Panera. An additional 6,500 square feet of space remains available for lease.
Groundbreaking and construction of the third building is expected to begin in July 2022 and completed in early 2023. Collectively, Dave’s Hot Chicken and Azzip Pizza will occupy approximately 5,400 square feet. An additional 4,600 square feet of space remains available for lease.
“We are thrilled with the interest we have received from these companies to lease space in this high-profile development,” said Brent Benge, President & CEO of KennMar. “We are also excited to bring these new restaurant options to the residents of College Park and tenants within the Pyramids and nearby office parks.”
This will be Dave’s Hot Chicken’s third location in the Indianapolis area. Established in Los Angeles, CA in 2017, the company has sold the rights to more than 700 franchise locations and was named one of the fastest growing restaurants in America.
Founded in Evansville, Indiana, Azzip Pizza opened its first store in 2014 and is ranked #67 on the Fast Casual Top 100 “Movers & Shakers” List. This will be their second location in the Indianapolis area and eleventh location nationwide.
Robyn Swihart, managing broker with the commercial real estate firm, Equivis, is representing KennMar in the marketing of this retail center and was responsible for the lease transactions. Tyler Raben with Summit Real Estate Services represented Azzip Pizza, and Del DeMao of DeMao Retail Consultants represented Dave’s Hot Chicken.