Mike Wolanin | The Republic A partial view of the tract of land along National Road in Columbus, Indiana listed for sale on Breeden Commercial pictured on Monday, March 9, 2026.
A roughly 13-acre commercial property bordering NexusPark has been listed for sale, opening the door for a potential large-scale redevelopment along one of the most highly visible corridors in Columbus.
The 566,280-square-foot property, located at 3020 N. National Road, is owned by P4 Holdings LLC and runs along the entire north side of NexusPark adjacent to the Circle K Fieldhouse. A listing on Breeden Commercial’s website does not specify an asking price.
The property currently houses Leo Chrysler Dodge Jeep Ram of Columbus, Hyundai Collision Center of Columbus and office spaces, including The Republic’s office.
P4 Holdings CEO Leo Portaluppi told The Republic that his company is exploring the possibility of selling the property to fund the construction of a new auto mall at a different location.
“At this stage, we’re gauging interest and exploring options to build a new auto mall,” Portaluppi said in a statement to The Republic. “The city is aware, but we will only move forward with a sale if the use benefits Columbus and aligns with the city’s vision. We believe this is an important piece of property that can serve Columbus well in the future.”
However, “if the use for the property and the details do not make sense, then we will not move forward and possibly build the auto mall on that site,” Portaluppi added.
Portaluppi’s company owns, among other things, a Chevrolet dealership on the city’s westside, as well as Nissan and Ford dealerships just north Columbus, Twisted Torch Harley Davidson in Edinburgh and a Chevrolet dealership in Indianapolis. An auto mall is defined as a collection of auto dealerships located close together.
The potential sale and redevelopment of the property comes just over two years after NexusPark opened its doors. NexusPark is a joint venture between the city and Columbus Regional Health that transformed the FairOaks Mall into a health, wellness and recreation center. The facility includes the 150,000-square-foot Circle K Fieldhouse.
The listing on Breeden Commercial’s website describes the roughly 13-acre property as “one of the most significant redevelopment opportunities” in Columbus, highlighting its location next to NexusPark.
The listing also includes an image of the property showing potential space for a hotel, retail, restaurants and medical offices.
“While the property currently includes existing auto dealership and office improvements, the primary value lies in the land and its long-term redevelopment potential,” the listing states. “…The combination of Nexus Park visitation, strong regional employment anchors, and high visibility along National Road positions the site as one of the most compelling large-scale development opportunities currently available in the Columbus market.”
Wendy Scgalski, a broker at Breeden Commercial, said large properties in such a visible location in Columbus “hardly ever” go on the market but referred further questions to managing broker Tara James.
James did not respond to requests for comment by press time.
Planning Director Jeff Bergman said the parcels on the property are currently zoned as “Commercial: Regional,” which allows for a range of potential uses.
Some of the permitted uses include retail and recreational uses, restaurants, offices, auto sales and service, hotels, liquor stores, wholesalers, community centers, worship facilities, among others.
Bergman said his office had not received any applications related to the property as of Tuesday morning.
Columbus Mayor Mary Ferdon said the potential sale and redevelopment of the property is “an exciting opportunity,” but emphasized that the city does not plan to acquire it.
“One of the reasons that we — the city and CRH — purchased the old Fair Oaks property and developed NexusPark is because we felt like … that area of the city hadn’t really seen redevelopment in a while,” Ferdon said. “…It is exciting to see that there is property available directly to the north of NexusPark. The city is not going to be purchasing that property. We really want to see whatever goes there being market driven.”
“There are a lot of possibilities that it supports NexusPark and the sports tourism industry, which has grown with the addition of the field house,” Ferdon added. “But I also want to remind everyone that there are thousands of residents that live in that area, and so whatever goes there, we’d like to see compatible with what already exists and what could benefit residents.”
While the city is not seeking to buy the entire 13-acre property, officials have discussed acquiring a portion of the land to add another entrance and exit along National Road for vehicles traveling to and from NexusPark, Ferdon said. The idea would extend the loop road on the complex’s northwest side, linking it to U.S. 31.
“We’re exploring that with the owner,” Ferdon said.
RP Realty of Columbus LLC sold the property to P4 Holdings LLC for $4 million in 2022 after buying it for nearly $4.7 million in 2011, according to public real estate records.
The potential sale and redevelopment of the property also come as NexusPark continues to experience lack of enough parking spaces when hosting large events.
This past weekend, Columbus Parks and Recreation hosted the second annual Folkstyle Wrestling event. Early projections from Destinations International estimate that Folkstyle Wrestling 2026 generated approximately $1,368,841 in economic impact, with an estimated 2,262 hotel rooms needed between Friday and Saturday, according to parks officials. While full data is being finalized, the same event last year recorded 10,400 unique visitors over the two-day competition, attracting visitors from Indiana, Kentucky, North Dakota, Maryland, Ohio, Iowa, Washington D.C. and Florida.
However, the press release from parks did not address complaints the city received about the lack of adequate parking on the NexusPark site, resulting in double parked vehicles on the NexusPark property and vehicles also filling the parking lots of neighboring private businesses. The parking in private lots occurred despite signage indicating parking was not available there, including on the north side of National Road, resulting in the businesses losing access to their buildings for two days, and blocking customers and employees from parking on their own property.
The press release also did not address a complaint of one of the wrestlers urinating in one of the private parking lots in full view of other people and the building’s cameras.
City officials, including Ferdon, apologized for the incidents over the weekend and Eric Frey, executive director of administration, said he would meet with parks officials this week to address the parking and public indecency issues as related to the event.
However, in the Tuesday parks news release, newly-hired Nikki Murphy, director of Columbus Parks and Recreation, released the following statement: “As part of being a good neighbor, the Circle K Fieldhouse team works closely with nearby businesses to prepare for busy event days, sharing advance notice of major tournaments, providing expected attendance numbers, offering optional parking‑guidance signage, and discussing parking plans directly with event organizers. These efforts help ensure smooth operations for both attendees and local establishments.”
— Editor Julie McClure contributed to this story.
