SOUTH BEND, IN—The economic crash left a multitude of retail shopping centers throughout the Midwest either shuttered or wallowing in bankruptcy proceedings. But today, firms like Great Lakes Capital are moving in to buy up these properties and put some life back into them. The South Bend, IN-based firm, for example, has just scooped up the 11 properties in the Silvercreek Retail Portfolio, shopping centers located in small cities west of Indianapolis through Northern Indiana that were sold through a special server.

“We think that there is tremendous value there,” Jeff Smoke, director of development for Great Lakes, tells GlobeSt.com. “The properties are right in our geographic area, all within about two hours, so we have a lot of local market knowledge.”

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