September 28, 2010

JDF Development Closes on Land in Logansport, IN

Contact: Tim Jordan
JDF Development



September 28, 2010 (Carmel, IN) – Today Logansport 2 LLC, an affiliate of JDF Development, purchased a four acre parcel from River of Life Christian Church in Logansport, Indiana according to an announcement made today by Joe Farr of JDF Development. The site is located adjacent to a new Wal-Mart Supercenter scheduled to open October 2010. Logansport 2 LLC plans to develop an 18,600 square foot shopping center on the parcel.

“We are pleased to announce that we were able to purchase this parcel next to such a great traffic generator as Wal-Mart with the access to our shopping center from Wal-Mart’s main entrance drive at a stop light,” said Farr. “Wal-Mart is currently under construction, building their latest 155,000 square foot store design, while we plan to begin construction immediately as we are currently 75% preleased with Maurices, Arnold’s Fine Jewelry and Gifts, Petsense, and Great Clips,” said Farr. “When I built a shopping center in Logansport in 2006, I realized that Logansport was the largest city in Indiana that was still operating a regular Wal-Mart. I then discovered that Wal-Mart was in fact looking for a site to build a supercenter store and the only viable location was behind the Logansport Mall. I approached the River of Life Christian Church as they owned some excess land adjacent to the new Wal-Mart site that was a no brainer for us to continue our strategy of developing quality shopping centers with quality tenants next to a big box retailer in a middle market town,” added Farr.

Founded in Carmel, IN, in 2006, JDF Development provides construction, development, leasing and property management services for its retail properties in the Midwest. For more information about JDF Development, please visit the website: http://www.jdfdevelopment.com/.

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