FOR IMMEDIATE RELEASE
MIAMI BEACH, Fla., July 28, 2026 - Midwood Asset Management announced today that it has completed the acquisition of Earl Plaza, a 17,400-square-foot neighborhood retail center at 400 N. Earl Ave. in Lafayette, Indiana. Midwood acquired the property for $1.5 million.
At closing, eight tenants occupied 14,200 square feet of the property, leaving one 3,200-square-foot suite available. The tenant mix includes a neighborhood supermarket, a restaurant, beauty and personal-care businesses, and other local service providers.
Midwood's initial plan is to divide the vacant suite into two smaller spaces that better match local leasing demand. The work will also include targeted exterior and parking-lot repairs.
Earl Plaza sits just off Sagamore Parkway near Lafayette's main retail corridor. Its in-place income and defined lease-up plan fit Midwood's focus on existing properties where hands-on operations and construction experience can improve performance.
About Midwood Asset Management
Midwood Asset Management is an operator-led real estate investment firm focused on opportunistic and value-add acquisitions. The firm combines investment management, property operations and licensed general contracting experience to acquire and improve existing real estate.