Michigan

Farmington Hills, Mich. — Friedman Real Estate has brokered the $3.9 million sale of a 20,750-square-foot single-tenant retail property located at 100 Michigan Ave. in the northwestern Detroit suburb of Farmington Hills. First Independence Bank occupies the building. Andrew Bower, Steve Eisenshtadt and Peter Jankowski of Friedman represented the seller in the transaction.

Howell, Mich. — A partnership between New York City-based Time Equities Inc. (TEI) and Bloomfield Hills, Michigan-based Lormax Stern Development Co. has acquired Kensington Valley Outlets, a 314,438-square-foot retail center located in Howell. Formerly known as Tanger Outlets Howell, the property was originally built in 1996 and features a mix of tenants including H&M Outfitters; Old Navy; Nike Factory Store; Columbia; Banana Republic; GAP; Polo Ralph Lauren Factory Store; Famous Footwear; and Eddie Bauer. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith internally represented TEI while Andrew Bell, Matt Drozd, …

Portage, Mich. — Mid-America Real Estate Corp. has brokered the sale of Shoppes at Romence Village, a 62,079-square-foot shopping center located in Portage, five miles south of Kalamazoo. The center — which was 96 percent leased at the time of sale — features a mix of tenants including AAA, Great Clips, Michigan Secretary of State, Jet’s Pizza, Once Upon A Child and Clothes Mentor. New York-based Time Equities purchased the property for an undisclosed price. Ben Wineman, Daniel Stern and Brad Lefkowitz of Mid-America represented the seller, Bloomfield Hills, Michigan-based …

Canton, Mich. — Marcus & Millichap has brokered the $23.8 million sale of Willow Creek Shopping Center, a 161,626-square-foot power center located in Canton, roughly 23 miles west of Detroit. Originally built in 2004, the center is shadow-anchored by IKEA. Tenants at the property — which was fully leased at the time of sale — include Michaels, Marshalls, Dunham’s Sports, Crate & Barrel, Dollar Tree, Kirkland’s, Five Below and Direct Optical. All eight tenants are operating on a triple-net lease basis. Ashish Vakhariya, Darin Gross, and Seth Haron of Marcus …

Troy, Mich. — RCG Ventures has acquired Oakland Plaza, a 167,000-square-foot retail center located in the northern Detroit suburb of Troy, Michigan. Anchored by T.J. Maxx, Planet Fitness, Michaels, DSW And Kids Empire, Oakland Plaza was 97 percent leased at the time of sale. Other tenants at the property include Target, Dick’s Sporting Goods, Burlington, Kohl’s, Best Buy, HomeGoods, Rally House, American Mattress and Hobby Lobby. Ben Wineman, Patrick Corrigan and Daniel Stern of Mid-America Real brokered the transaction on behalf of the seller, Continental Realty Corp.