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Berkadia Arranges $23.2 Million Refinancing for Retail Property in Michigan

Shelby Township, Mich. — Berkadia has arranged a $23.2 million loan for the refinancing of The Shops at Stony Creek, a 325,000-square-foot shopping center in Shelby Township. LA Fitness, TJ Maxx, Ulta, Petco and Five Below anchor the property, which

…

  • November 20, 2019

PREIT Opens Woodland Mall Expansion in Grand Rapids, Michigan

Grand Rapids, Mich. — PREIT has opened the Woodland Mall expansion wing. In 2017, the company purchased the store formerly occupied by Sears at the mall. It was demolished in order to make way for new uses. Von Maur now

…

  • October 14, 2019

Gerdom Realty Arranges Sale of 23,900-Square-Foot Retail Property in Livonia, Michigan

Livonia, Mich. — Gerdom Realty & Investment has arranged the sale of a 23,900-square-foot retail and office property in Livonia for an undisclosed price. The two-building asset is located on Middlebelt Road between 5 Mile and 6 Mile roads. Larry

…

  • October 10, 2019

Albanese Cormier Acquires Nine Shopping Centers Totaling 758,983-Square-Foot

Beaumont, Texas — Beaumont, Texas-based Albanese Cormier Holdings has acquired nine shopping centers totaling 758,983 square feet in Indiana, Michigan, Ohio and West Virginia. The purchase prices were undisclosed. ShopOne was the seller. Representatives from May Real Estate, Cooper Commercial

…

  • August 28, 2019

Marcus & Millichap Arranges $5.7 Million Sale of Retail Center in Metro Detroit

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

…

  • July 12, 2019

Gerdom Realty Negotiates Two Leases at Retail Center in Novi, Michigan

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

…

  • June 25, 2019

RD Management to Redevelop Shopping Center in Muskegon, Michigan Into Mixed-Use Project

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

…

  • April 22, 2019

PREIT Adds The Cheesecake Factory to Tenant Mix at Woodland Mall in Grand Rapids, Michigan, as Part of Redevelopment

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

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  • March 25, 2019

Martin Commercial Negotiates Three Retail Leases at Property in Holland, Michigan

Holland, Mich. — Martin Commercial Properties has negotiated three retail leases totaling 6,300 square feet at Holland Town Center in Holland, Michigan.

…

  • February 21, 2019

Juniper Capital Group Arranges $10.5 Million Acquisition Loan for Shopping Center in Troy, 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.

…

  • February 15, 2019

Crunch Fitness to Open 27,835-Square-Foot Gym Near Michigan State University

East Lansing, Mich. — Crunch Fitness has signed a lease to occupy a 27,835-square-foot building near Michigan State University.

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  • February 5, 2019

Pizzeria Signs Lease for Fourth Location in Michigan

Clarkston, Mich. — Crispelli’s Bakery & Pizzeria has signed a 3,892-square-foot lease in Clarkston, Michigan.

…

  • January 29, 2019
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Industry News

  • Cliffs Climbing + Fitness to Open 40,000-Square-Foot Facility in Philadelphia on Dec. 7
  • Publix Opens GreenWise Market in Lexington, South Carolina
  • Cohen Financial Arranges $10.7 Million Acquisition Loan for Shopping Center in Indiana
  • Cooper Group Brokers $2.1 Million Sale of Retail Property in Minnesota
  • Owner of Metro New Orleans Mall to Start $100 Million Redevelopment, Adding Office Space and Apartments

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