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Cosm_Detroit
DevelopmentEntertainmentLeasingMichiganMixed-useNews

Cosm to Anchor 1.5 Million-Square-Foot Development at Cadillac Square in Detroit 

by Hayden Spiess

Detroit — Immersive entertainment concept Cosm has signed on as the anchor tenant at Development at Cadillac Square, a 1.5 million-square-foot mixed-use project scheduled to break ground in Detroit in 2025. Cosm Detroit will feature an LED dome spanning roughly 90 feet with Shared Reality technology, offering experiential sports and entertainment programming. Content will include a production of Cirque du Soleil’s “O,” as well as immersive art experiences from members of the Cosm Studios Creator Program. The venue, designed by architecture firm Rosetti, will also feature a food-and-beverage element, with gastropub-style …

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Waterside-Marketplace
Investment salesMichiganNews

Mid-America Arranges Sale of 276,244-Square-Foot Retail Center in Suburban Detroit

by Hayden Spiess

Chesterfield Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of Waterside Marketplace, a 276,244-square-foot retail center located in the northeast Detroit suburb of Chesterfield Township. Tenants at the center, which was 93 percent leased at the time of sale, include T.J. Maxx, Sierra, Burlington, Best Buy, Ulta Beauty, DSW and Old Navy. Ben Wineman, Emily Gadomski and Daniel Stern of Mid-America represented the seller, PMAT Real Estate Investments, in the transaction. Octave Holdings and Investments was the buyer.

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Fresh Encounter
Company newsIndianaInvestment salesKentuckyMichiganNewsOhio

SpartanNash Acquires 49-Store Fresh Encounter Supermarket Chain

by Hayden Spiess

Grand Rapids, Mich. — Michigan-based food solutions company SpartanNash has acquired Fresh Encounter Inc. (FEI), a 49-store supermarket chain with locations in Ohio, Indiana and Kentucky. This move expands SpartanNash’s retail footprint by 33 percent and marks the company’s second retail acquisition this year, following its purchase of Metcalfe’s Market in April. FEI stores operate under the banners Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market and have been a food distribution customer of SpartanNash for 58 years. The transaction is expected to close in late November, subject to …

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Briarwood-Hines
DevelopmentMichiganMixed-useNews

Hines, Simon Break Ground on Mixed-Use Development at Briarwood Mall in Ann Arbor

by Hayden Spiess

Ann Arbor, Mich. — A joint venture between Hines and Simon Property Group (NYSE: SPG) has broken ground on a mixed-use development at Briarwood Mall, a regional mall in Ann Arbor.  Owned by Simon, Briarwood Mall opened its doors in October 1973. The new mixed-use component of the property, which sits about 2.5 miles south of the University of Michigan, will include a four-story luxury apartment building, Harvest Market grocery store and additional retail space surrounding an activated outdoor plaza.  The partnership has broken ground on the multifamily component of the …

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Chick-fil-A
Company newsMichiganNewsRestaurants

Chick-fil-A to Open 25 to 30 New Restaurants in Michigan by 2028

by Hayden Spiess

Atlanta — Atlanta-based Chick-fil-A has announced plans to open 25 to 30 new restaurants in Michigan by the end of 2028. Plans include locations in metro Detroit and Ann Arbor, as well as in the Lansing, Jackson, Flint-Saginaw and Benton Harbor areas. Openings are scheduled to begin later this year. The brand first entered the state in 2015. 

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RiverTown-Crossings_Grandville-Mich
Investment salesMichiganNews

Poag Acquires 1.3 Million-Square-Foot Shopping Mall in Michigan

by Hayden Spiess

Grandville, Mich. — Memphis-based developer Poag Development Group has acquired RiverTown Crossings, a 1.3 million-square-foot enclosed shopping mall located in Grandville, a suburb southwest of Grand Rapids.  The two-story property featured 114 retailers at the time of sale, including Macy’s, Kohl’s, JCPenney, Celebration Cinemas and Dick’s Sporting Goods. The mall first opened in 1999. Although the seller was not disclosed, Brookfield Property Partners assumed ownership of the mall in 2018 as part of its $15 billion acquisition of giant shopping mall operator GGP Inc. The price was not disclosed. According to …

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Caliber-Collision_Mount-Pleasant-Mich
Investment salesMichiganNet leaseNews

Boulder Group Arranges $3.5 Million Sale of Single-Tenant Property in Michigan

by Hayden Spiess

Mount Pleasant, Mich. — The Boulder Group has arranged the $3.5 million sale of a single-tenant property located in Mount Pleasant. Caliber Collision occupies the building, which totals 15,800 square feet, on a 15-year net lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, an Iowa-based corporation, in the transaction. A Delaware-based limited liability company (LLC) was the seller. 

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LeasingMichiganNews

Two Tenants Sign Leases at Green Oak Village Place in Brighton, Michigan

by Hayden Spiess

Brighton, Mich. — Two new tenants have signed leases at Green Oak Village Place in Brighton. Michigan Makers Marketplace and StretchLab will occupy 4,920 square feet and 2,259 square feet, respectively, at the property. Michigan Makers Marketplace offers goods from local craftsmen and artists, as well as scheduled craft shows. StretchLab is concept offering assisted stretching services, with a portfolio of roughly 900 facilities in North America. 

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KansasLeasingMichiganNews

Lormax Stern Signs Leases Totaling 84,819 Square Feet with New Tenants

by Hayden Spiess

Bloomfield Hills, Mich. — Michigan-based developer and owner Lormax Stern has signed leases totaling 84,819 square feet with four new tenants at three of its shopping centers. Beginning this fall, Ross Dress for Less will occupy 25,000 square feet at Bay Mall in Petoskey, Michigan. Additionally, Tike Ace Hardware and PGA TOUR Superstore have signed leases at The Fountains in Overland Park, Kansas. The retailers will occupy 14,291 and 29,728 square feet, respectively. Also in Kansas, DSW will open a 15,800-square-foot store this winter at Quivira 95 in Lenexa. 

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Shops-at-the-Crossing
Investment salesMichiganNews

Marcus & Millichap Brokers $8.9 Million Sale of Retail Center in Auburn Hills, Michigan

by Hayden Spiess

Auburn Hills, Mich. — Marcus & Millichap has brokered the $8.9 million sale of Shops at the Crossing, a retail center located in Auburn Hills. Built in 2002, the property comprises 48,364 square feet. Jared Shapiro, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a private company based in Michigan. The team also procured the buyer, a West Coast-based private fund. The brokerage firm’s Steve Chaben assisted in closing the transaction as the Michigan broker of record.

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