Muinzer Acquires Ownership Stake in Chauncey Hill Mall Next to Purdue University

CHICAGOJune 26, 2020 /PRNewswire/ — Muinzer, a fully integrated owner and operator of commercial and residential real estate, together with T2 Capital Management, a Chicago-based real estate investment firm, today announced the off-market acquisition of a 50% stake in the ownership entity of Chauncey Hill Mall and Chauncey Hill Annex in West Lafayette, IN. The Seller was nationally recognized real estate investment firm Trinitas Ventures. The properties are underpinned by four acres of high-rise designated land located next to Purdue University.

“Off-market opportunities to acquire generational assets at a compelling price are very rare. Our team was uniquely positioned to close quickly via an all-cash transaction,” said Marc Muinzer, Founder and CEO, Muinzer.

The acquisition expands Muinzer’s position as the largest residential, retail and land owner near Purdue University. “We are actively seeking to acquire assets throughout the Midwest. Our 20-year track record of executing across various economic cycles has been a backbone of our success. We intend to leverage this experience as we continue to expand our team and our portfolio,” added Marc Muinzer.