Brookpoint Plaza is a 28,830-square-foot retail center located in New Albany, Indiana, acquired by Apta Investment Group in June 2018. The property is positioned along State Street, the busiest commercial corridor in Floyd County, with direct access from I-265 and strong visibility from both local and regional traffic.
This is an Apta-originated investment, sourced and sponsored directly by Apta Investment Group as part of our community retail strategy. The property was 100% occupied at acquisition and has maintained full occupancy, anchored by a drive-thru end cap tenant that generates consistent daily foot traffic and supports the broader tenant mix.
New Albany is one of the most active growth markets on the Indiana side of the Louisville metropolitan area, experiencing significant commercial and residential expansion driven by demand from the region’s expanding logistics and distribution workforce. This structural growth strengthens the retail corridor’s long-term demand profile and supports sustained occupancy across the property’s tenant mix.
The investment thesis was built on location and occupancy fundamentals: a fully occupied community retail center on the highest-traffic commercial artery in Floyd County, acquired at a basis that supported consistent cash flow from day one, with long-term appreciation potential tied to the surrounding market’s continued growth.
