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INDIANAPOLIS—As reported in GlobeSt.com last week, GPI Theatre Properties I has just sold a 51,000-square-foot cinema multiplex in Indianapolis, IN to a New York-based investor for $9 million, and JLL officials say it’s a perfect example of the increased interest from coastal buyers in the nation’s secondary cities. These investors, many of whom are increasingly priced out of coastal markets like New York, Los Angeles, San Francisco and other core markets like Chicago, can now find the yields they need in these secondary regions.


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