Clay Terrace

Carmel, Indiana

Whole Foods-anchored, open-air retail center 

Locat­ed in Indi­anapo­lis’ pre­mier sub­urb, Clay Ter­race is one of the most vis­it­ed lifestyle cen­ters in Indi­ana, and a retail des­ti­na­tion for local residents.

Property Highlights

  • The Carmel submarket has experienced increased population growth, and was recognized as the #1 Best Suburb by Niche and the #2 Best Place to Live in the U.S. by Livability1 

  • The area boasts a low retail vacancy rate, with no new supply currently under construction

  • Thoughtful design promotes walkability and provides an accessible street-retail environment, with ample parking available
Major Tenants

  • Dick’s Sporting Goods

  • Lululemon

  • Sephora

  • Sur La Table

  • Sweetgreen

  • Warby Parker

  • Whole Foods
View in Google Maps
Map showing the location of Clay Terrace
Property Type
  • Retail
Ownership
  • Hines Global Income Trust
Location

  • Carmel, Indiana
Acquisition Date

  • December 8, 2025
Space2

  • 493,000 square feet
    95% leased
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