The 94-room property sold for $6.48 million. The new owner plans a full renovation to boost market share.
The Wheatfield shopping center has been through more than a decade of attempted revitalization efforts by its current owner.
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American Tower Co. submitted plans for the project to the city of Indianapolis late last year. The proposed plans called for a single-story data center that would use about 4 megawatts of power.
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