BATTLE CREEK, MICH. — Griffin-American Healthcare REIT IV Inc. has acquired Battle Creek Medical Office Building in Battle Creek, about 25 miles east of Kalamazoo. The 46,000-square-foot property is situated on 7.3 acres in a medical office park. The building is currently 97 percent leased and anchored by Brookside Surgery Center. American Healthcare Investors and Griffin Capital Co. LLC are the co-sponsors of the REIT.
HOLLAND, MICH. — Cherry Republic, a Michigan-based retailer of cherry food creations, will open a 2,745-square-foot store in Holland this month. The store is located at 29 W. 8th St., about 28 miles southwest of Grand Rapids. This is the sixth location for Cherry Republic in Michigan. The company operates other locations in Glen Arbor, Traverse City, Charlevoix, Ann Arbor and Frankenmuth. Todd Leinberger of NAI Wisinski of West Michigan assisted Cherry Republic in securing the Holland location.
DETROIT — The QLine, Detroit’s new streetcar system, will celebrate its grand opening on Friday, May 12 with a special event at the Penske Technical Center. The celebration will begin with a morning press conference featuring elected officials and dignitaries, and will be followed by an inaugural first ride down Woodward Avenue. The QLine will open to the public on Friday evening. Construction on the line began in July 2014. The QLine made its first test run on Woodward Avenue in December 2016 and the streetcar system has undergone over 1,000 tests in preparation for operations. The economic impact of transit-oriented development is expected to top $3.5 billion within a decade and include a mix of 10,000 new residential units, offices and commercial projects near Woodward Avenue, according to Crain’s Detroit Business. The three-piece cars are 66 feet long and carry 125 passengers on average. They travel 35 miles per hour and stop for traffic lights along the 3.3-mile-long line. The cars are powered by a 750-volt lithium ion battery, operating 60 percent off-wire, the highest percentage of any streetcar system in the United States, according to a news release. Walk-up fares are estimated at $1.50.
GRAND RAPIDS, MICH. — Wolverine Building Group has partnered with Covenant House Michigan-Grand Rapids to build a homeless, runaway and at-risk youth home in downtown Grand Rapids. The 15,470-square-foot building will be located at 50 Antoine St. Southwest. The new youth home will be constructed adjacent to Covenant House Academy, a high school for at-risk students. The three-story building will include a multi-purpose room and office space on the first floor. The second and third floors will house residential space with 14 rooms on each floor. Each resident floor will include a small café and laundry facilities. Progressive AE provided design and engineering services.
SCIO TOWNSHIP, MICH. — Forum Group, an NAI Farbman Group partner, has arranged the sale of an 8,000-square-foot retail building in Scio Township, five miles west of Ann Arbor. The sales price was not disclosed. The Class A building is located at 120 S. Zee Road, and is fully occupied by Starbucks, Jimmy John’s, Verizon and Kim’s Spa. Thomas D. Lasky of Forum Group represented the buyer, LPH Ventures LLC. Marcus & Millichap represented the undisclosed seller.
CARO, MICH. — AT&T has signed a 3,991-square-foot retail lease on State Street in Caro, about 45 miles north of Flint. AT&T will relocate from its current location on the south side of town and will join Rite Aid at the two-tenant center. Vicki Gutowski, Michael Murphy and Larry Siedell of Gerdom Realty & Investment represented Rite Aid in the sublease.
ANN ARBOR, MICH. — Brixmor Property Group (NYSE: BRX) has acquired Arborland Center, a 404,000-square-foot, grocery-anchored shopping center located in Ann Arbor, for $102 million. The property is located between the University of Michigan and Eastern Michigan University at 3600 Washtenaw Ave. Kroger anchors the center, which is also home to tenants including DSW, Old Navy, Marshalls, Maurices, Nordstrom Rack, Starbucks Coffee, Ulta Beauty, Bed Bath & Beyond, Petco and Five Below. The property was previously owned by Stamford, Conn.-based AmCap Inc. and was roughly 96 percent occupied at the time of sale, according to reports by Crain’s Detroit Business. With this acquisition, Brixmor owns four assets totaling over 1 million square feet in metro Ann Arbor. The company’s stock price closed on Monday, March 6, at $22.30 per share, down from $24.04 a year ago. — Katie Sloan
SHELBY TOWNSHIP, MICH. — O.ME.R North America has entered into a 12,633-square-foot industrial lease in Shelby Township in western Michigan. The Italian-based manufacturer of railway interiors will occupy the space at 50570 Wing Drive. This is the company’s first location in the United States. Kris Pawlowski of Signature Associates represented the tenant in the lease transaction.
GRAND RAPIDS, MICH. — American Dream Home Improvement has signed a 2,300-square-foot retail lease near the Gerald R. Ford International Airport in Grand Rapids. This will be the first West Michigan location for the Downers Grove, Ill.-based exterior home repair and storm restoration company. The property is located at 3940 Broadmoor Ave. Southeast. Mary Anne Wisinski-Rosely and Jason Makowski of NAI Wisinski of West Michigan arranged the lease transaction.
DETROIT — The Detroit Pistons and Henry Ford Health System have unveiled plans to build a training, rehabilitation and sports medicine complex in the New Center area of Detroit. The Henry Ford-Detroit Pistons Performance Center will house a new training facility and corporate headquarters for the NBA franchise; include a comprehensive sports medicine, treatment and rehabilitation facility managed by the health system; and incorporate public spaces available for community relations activation, networking receptions and team-hosted events. The facility will cost $50 million to $65 million, according to the Detroit Free Press. The center will be built on a parcel owned by Henry Ford between Wayne State University and Henry Ford Hospital, approximately two miles north of the new Little Caesars Arena where the Pistons will begin playing games next season. Construction is expected to begin this summer. As part of the agreement, Henry Ford will become the official health care provider for the Pistons beginning with the 2017-18 NBA season, and will have naming rights for the new performance center complex. In addition to the center’s sports, training and medical facilities, the privately financed facility will include corporate offices for the Pistons and plans, specifications and estimates staff, as well …