Westfield Millennium — Lease in Westfield, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Westfield, IN 46074

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Description

Retail | For Lease - New Construction Two Buildings available for lease Delivery Project Components + Residential & Mixed Use: 1. High-density housing including condos, townhomes, and apartments, up to 250 units in mixed use zone and up to 500 units in multifamily zones. 2. The new Westfield–Washington Public Library, a 45,000 sq ft, ~$17.7 million facility, planned at Park Street and Westfield Boulevard, opened. 3. A 60,000–100,000 sq ft medical office building, including the Westfield Ambulatory Surgery Center, offering services such as cardiology, OB/GYN, wound care, hyperbaric therapy, and specialty care – located across the street. + Hospitality & Dining: 4. Up to 450 hotel rooms, including a full-service and a limited-service hotel, are planned for the Grand Park development. Parking & Infrastructure: + Multiple parking structures will support the library, medical buildings, hotels and residents. + The city has secured redevelopment incentives (~$4 million via IEDC), and is coordinating infrastructure upgrades, demolition, and utility build-outs. Timing + Building A (north retail) – Retail may open Q4 2027. + Building A (south retail) – Retail may open Q4 2027. + Building B (retail) Retail may open Q2 2028.

Market Context

This retail in Westfield, IN is listed for lease. Compare it against other retail listings for lease in Westfield, IN — view the full market.

As of Q2 2026, the Indianapolis retail market showed a 4.9% vacancy rate, and average asking rents near $17.29/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Indianapolis retail market tightening or softening?
Vacancy is around 4.9% (Q2 2026).

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