Shadeland Station – Indianapolis, Indiana - 104,976 square feet

• In 2004, an affiliate of Tri-Land purchased the 105,000-square-foot Shadeland Station, anchored by Marsh supermarket in Indianapolis, Indiana.

• Tri-Land concluded the shopping center has a strong neighborhood location in a solid retail market.

• Tri-Land’s business plan also includes expanding the project and enhancing the tenant mix and rental rates.

• In May 2004, Tri-Land completed a $4.0-million private-equity offering of Shadeland Station through a NASD Syndication.