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AGREE REALTY CORP. ACQUIRES 37.8-ACRE LAND PARCEL FOR RETAIL DEVELOPMENT

PLAINFIELD, IND. — Farmington Hills, Mich.-based Agree Realty Corp. has acquired a 37.8-acre parcel of land located in Plainfield for retail development. The site, located at the intersection of Dan Jones Road and U.S. Highway 40, will contain an approximately 225,000-square-foot retail center. Meijer will lease approximately 32 acres for the development of a department store, with the developer building retail pad sites on the remaining acreage.

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