Woodhaven, Mich. — Marcus & Millichap has arranged the sale of Woodhaven Village Square for $5.7 million. The 50,414-square-foot retail center is located in Woodhaven, a southern suburb of Detroit. The property is fully leased to Michaels, PetSmart, Cato and Dance Nation. Ashish Vakhariya and Seth Haron of Marcus & Millichap marketed the property on behalf of the seller, a private investor. The buyer was not disclosed.
Novi, Mich. — Gerdom Realty & Investment has negotiated two leases at Thomasville Centre in Novi. Alchile Mexican Grill & Bar and Pho Mai Vietnamese restaurant are the newest tenants to join the center, which is located on Grand River Avenue. Alchile opened this spring, leasing 5,130 square feet. Pho Mai will open during the second half of this year and occupy 1,680 square feet. Joel Karboske of Gerdom represented the landlord, Mclaughlin Family Properties.
Muskegon, Mich. — RD Management LLC has unveiled plans to redevelop Muskegon Shopping Center located at 3530 Henry St. in western Michigan. The project will include removal of the 134,874-square-foot building formerly occupied by Kmart, renovation of the 32,338 square feet of adjacent retail space and the construction of five residential buildings totaling 126 units. Demolition of the Kmart building will begin in late spring. In addition, Mercy Health has agreed to purchase a 6.2-acre parcel of the shopping center in order to construct a new 40,900-square-foot medical office building …
Grand Rapids, Mich. — The Cheesecake Factory is coming to Woodland Mall in Grand Rapids as part of the repositioning of the regional mall, according to PREIT, the center’s owner. This is the second location in the state of Michigan for The Cheesecake Factory. The first location in the state was in Novi. The restaurant will occupy 8,500 square feet at Woodland Mall and is expected to open in late October. Other new tenants at Woodland Mall include Black Rock Bar & Grill, Von Maur, Urban Outfitters, REI and Tricho …
Holland, Mich. — Martin Commercial Properties has negotiated three retail leases totaling 6,300 square feet at Holland Town Center in Holland, Michigan.
Troy, Mich. — Juniper Capital Group has arranged a $10.5 million bridge loan for the acquisition of Cross Creek, a 141,468-square-foot shopping center in Troy, Michigan.
East Lansing, Mich. — Crunch Fitness has signed a lease to occupy a 27,835-square-foot building near Michigan State University.
Clarkston, Mich. — Crispelli’s Bakery & Pizzeria has signed a 3,892-square-foot lease in Clarkston, Michigan.
Jackson, Mich. — Mid-America Real Estate has arranged the sale of Jackson West, a 209,800-square-foot shopping center in Jackson, Michigan.
Northville Township, Mich. — Associated Bank has provided a $14 million loan for the acquisition of Northville Park Place in Northville Township, Michigan.