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Gaylord, Mich. — SRS Real Estate Partners has brokered the sale of the Shops of Edelweiss Village, a 52,857-square-foot retail property located in Gaylord, for $7.6 million. Built in 2004 on nearly 13 acres, Dollar Tree anchors the center, which was 78 percent occupied at the time of sale. Additional tenants include Pet Supplies Plus, Kay Jewelers, AT&T and Sally Beauty.
Matthew Mousavi and Patrick Luther of SRS represented the seller, a Michigan-based family partnership. Kevin Jappaya and David Jappaya of KJ Commercial Real Estate Advisors represented the buyer, a Michigan-based group of private investors who owns various retail centers throughout the state.