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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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Lenox-Square-Shopping-Center_Richmond-Mich
Investment salesMichiganNews

Legacy Arranges Sale of 95,722-Square-Foot Shopping Center in Michigan

by Hayden Spiess

Richmond, Mich. — Legacy Realty Group Advisors has arranged the $4.6 million sale of Lenox Square Shopping Center, a 95,722-square-foot property located in Richmond. Family Farm and Home anchors the center. Jacob Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction. 

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Michaels-at-Premier-Center
Grocery-anchoredLeasingMichiganNews

Michaels Signs 17,514-Square-Foot Lease at Premier Center in Canton, Michigan

by Hayden Spiess

Canton, Mich. — Michaels has signed a 17,514-square-foot lease at Premier Center, a shopping center located in Canton. The new lease brings the property to full occupancy. Other tenants at the center include Kroger, Home Depot and Dick’s Sporting Goods. First National Realty Partners (FNRP) is the landlord. 

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Lakeside
DevelopmentMichiganMixed-useNews

Lionheart Capital Plans $1 Billion Lakeside Mall Redevelopment in Sterling Heights, Michigan

by Hayden Spiess

Sterling Heights, Mich. — Lionheart Capital has unveiled plans for the $1 billion mixed-use redevelopment of Lakeside Mall in the Detroit suburb of Sterling Heights. The redevelopment process will begin with the demolition of the enclosed regional mall following its closure on July 1. The new development will be anchored by a mixed-use town center and central park featuring shops, offices, coffee houses, restaurants, an area for community gatherings and events, and a two-story community center with recreational amenities including swimming pools, fitness facilities and libraries.  The project is also set …

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