Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired three grocery-anchored shopping centers in Michigan, California and Massachusetts.
East Lansing, Mich. — Cohen Financial has arranged a $7.7 million CMBS loan for Trowbridge Village Retail Center, a 48,600-square-foot grocery anchored shopping center located adjacent to Michigan State University in East Lansing.
Bloomfield Hills, Mich. — Bloomfield-based Agree Realty Corporation has acquired 11 retail properties for approximately $26.5 million.
Southfield, Mich. — Axilla Capital has arranged a $3.7 million loan for the refinancing of Shoppes at Park Place in Southfield.
Utica, Mich. — Broad Reach Retail Partners LLC has added Shelby Corners Shopping Center, located in Utica, to its shopping center portfolio.
Clinton Township, Mich. — Blackfinn Ameripub will host their grand opening celebration and ribbon cutting ceremony at The Mall at Partridge Creek on June 4.
Bloomfield Hills, Mich. — Bernard Financial Group has arranged an $8.6 million loan for the refinancing of New Bloomfield Plaza in Bloomfield Hills.
Grandville, Mich. — The Cooper Commercial Investment Group has brokered the $7.2 million sale of the Rivertown Center, a 60,876-square-foot, multi-tenant retail center in Grandville.
Washington Township, Mich. — Marcus & Millichap has brokered the $2.5 million sale of a 17,561-square-foot retail property in Washington Township.
Bloomfield Hills, Mich. — Agree Realty Corp. has closed on the acquisition of 10 retail properties for an aggregate purchase price of approximately $17.5 million. The properties are net leased to five different tenants and located in 7 states.