Former Marsh store in Castleton area lands new tenant
Original article published by Indianapolis Business Journal
Jane Pauley Community Health Center plans to open another clinic in a portion of a former Marsh grocery store in the Shadeland Station Shopping Center in the Castleton area.
The clinic has leased 8,994 square feet of the 30,400-square-foot former grocery space at 7481 N. Shadeland Ave., which has been vacant since Marsh Supermarkets closed the location in May 2017.
“We are excited to open this new clinic in the Castleton area. There is a high need for primary and behavioral health care for the underserved, most vulnerable population in that area,” Jane Pauley Community Health Center CEO Marc Hackett said in a written statement.
The new clinic will focus on primary care and behavioral health. A temporary clinic is expected to open at the site next month, and the full clinic is slated for a spring opening.
The health center plans to spend $700,000 to renovate the space, which will include offices for behavioral health providers, a lab and six exam rooms, with room for six additional exam rooms in the future. About eight employees are expected to work at the site.
Jane Pauley Community Health Center currently has 16 sites in four central Indiana counties: Marion, Shelby, Hancock and Madison.
The health organization, established in 2009 and named for the well-known TV news personality, serves patients regardless of their ability to pay. Its services include primary care, pediatrics, obstetrics and gynecology, dentistry, behavioral health and patient outreach.
Cushman & Wakefield represented the shopping center’s owner, New York-based Time Equities Inc., in the deal. Time Equities purchased Shadeland Station in 2014 for $9.5 million.
Carmen Thompson, an associate with the real estate brokerage Cushman & Wakefield, said Cushman is working to fill the remainder of the former supermarket space with other tenants.
The brokerage hopes to put a retail tenant into a 12,000-square-foot space in the center. Thompson declined to identify the potential tenant because the deal has not yet been signed.
Thompson said Cushman & Wakefield is considering sports and entertainment uses, such as a trampoline park or a sports training facility, to fill the remainder of the former Marsh store.