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.
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.
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.
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.
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.
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 …
Troy, Mich. — Burlington Stores Inc. has signed a lease to open a new store at Oakland Square, a 220,000-square-foot retail center located in Troy. Continental Realty Corp. (CRC) is the landlord of the property. Other tenants at the center, which is now 83 percent occupied, include HomeGoods, Five Below, Kohl’s and Ulta Beauty. Rachel Lee of CRC and Daniel Stern, Jared Gell, Eric Unatin and Eric Birnholtz of Mid-America Real Estate represented the landlord in the lease negotiations. Bradley Gershman of Gershman Partners and Andrew Luckoff of Landmark Commercial Real …
Oakland County, Mich. — District Capital has arranged a $10 million loan for the refinancing of a shopping center located in Oakland County within the Detroit metro area. The property totals 62,000 square feet. Justin Hollis of District Capital secured the loan through a life insurance company on behalf of the borrower.
Clinton Township, Mich. — Restaurant Andiamo Pasta & Chops has signed a 7,670-square-foot lease at The Mall at Partridge Creek, a 640,000-square-foot shopping center located in Clinton Township, roughly 25 miles outside Detroit. Scheduled to open this summer, the eatery will mark the first for the concept in the state. Spinoso Real Estate Group manages the shopping center, which is anchored by MJR Theaters. Powerhouse Gym is also scheduled to join the property as an anchor tenant in 2025.
Belleville, Mich. — Marcus & Millichap has arranged the $5.4 million sale of Van Buren Plaza in Belleville, a southwest suburb of Detroit. The 43,765-square-foot retail center was 94 percent occupied at the time of sale by a mix of local, regional and national tenants. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the buyer, a limited liability company.