ARCO Acquires Riverside Townhomes in Gibraltar, Michigan, for $17.1M

GIBRALTAR, MICH. — ARCO Real Estate Co. has acquired Riverside Townhomes in Gibraltar, a southern suburb of Detroit, for $17.1 million. The townhome rental property, located at 14221 Park St., features 136 units. Peter Jankowski and Rich Deptula of Friedman Real Estate represented both the buyer and undisclosed seller.