AUBURN HILLS, MICH. — Lakeshore Ear, Nose & Throat Center has signed an 89-month lease for 6,567 square feet of medical office space at 2251 N. Squirrel Road in Auburn Hills. James Mitchell and David McNabnay of Dominion Real Estate Advisors represented the landlord, Five Points Professional Office Building LLC. Michael Pulcini of M P Real Estate Consulting represented the tenant, which maintains six locations in metro Detroit.
SOUTHGATE, MICH. — A soul food restaurant has leased 7,198 square feet of retail space at Eureka Plaza in Southgate, a southwest suburb of Detroit. The lease brings the shopping center to full occupancy. There is still proposed outlot availability at the property, with up to 2,500 square feet with drive-thru capability. Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord.
DETROIT — Domino’s Pizza has signed a lease to open an 1,800-square-foot location at Chene Square in Detroit. The retail center is located on East Jefferson Avenue and Chene Street. Michael Murphy of Gerdom Realty & Investment represented the corporate tenant. Benji Rosenzweig of Colliers represented the undisclosed landlord.
MUSKEGON, MICH. — The Boulder Group has arranged the $3.5 million sale of a single-tenant, retail property net leased to Walgreens in Muskegon within western Michigan. The 15,567-square-foot building is located at 840 W. Sherman Blvd. There are more than 13 years remaining on the lease with 12 five-year renewal options. There are 5 percent rental escalations every five years in both the primary term and each option period. The lease is corporately guaranteed by Walgreens. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a full-service commercial real estate firm based in Florida. A Michigan-based commercial real estate company was the buyer.
HOWELL, MICH. — Time Equities Inc. (TEI) and Lormax Stern have acquired Kensington Valley Outlets in Howell, about 55 miles northwest of Detroit. The 314,438-square-foot outlet center was formerly known as Tanger Outlets Howell. Built in 1996, the property is home to tenants such as H&M, Old Navy, Nike Factory Store, Columbia, Banana Republic, Gap, Polo Ralph Lauren Factory Store, Famous Footwear and Eddie Bauer. The outlet center is located along the I-96 corridor and has received 1.3 million customer visits in the last year. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith represented TEI on an internal basis, and Andrew Bell, Matt Drozd, Sam Pietsch and Mark Franchini internally represented Lormax Stern. Mark Strauss of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller.
KALKASKA, MICH. — DWG Capital Partners has purchased an industrial manufacturing portfolio in Northwest Michigan in a sale-leaseback with Kalkaska Screw Products. The neighboring facilities total 49,000 square feet on 13.4 acres in Kalkaska. Employee-owned Kalkaska Screw Products manufactures highly engineered machined components primarily for the automotive, aerospace and heavy truck industries. Brent Lowell of Community Choice Credit Union originated acquisition financing. Luke Timmis, Griffin Pitcher, Mark Woods and Cade Kozlowski of Signature Associates represented the seller.
DETROIT — Mid-America Real Estate Corp. has brokered the sale of The Ellington Retail, a 34,431-square-foot, grocery-anchored property in Detroit’s Midtown neighborhood. The property sold to a private investor and included a leasehold interest in the adjacent parking structure. The center is fully leased to Whole Foods Market, Bank of America, Chase Bank, FedEx Office, Great Expressions Dental, Pure Barre and Qargo Coffee. Ben Wineman and Daniel Stern of Mid-America represented the seller and original master plan developer of the site, Detroit-based The Platform. Jon Kouza of AQRE Advisors represented the buyer.
NOVI, MICH. — Lineage Inc. (NASDAQ: LINE), a Novi-based cold storage REIT, has entered into a definitive agreement to acquire four cold storage warehouses from Tyson Foods Inc. for $247 million. At or prior to closing the acquisition agreement, Lineage will enter into an additional, multi-year agreement under which it will design, build and operate two next-generation, fully automated cold storage warehouses in major U.S. distribution markets that Tyson will occupy as an anchor tenant. Under the same agreement, Tyson will begin storing product at Lineage’s newly developed property in Hazelton, Pa., which utilizes LinOS, Lineage’s proprietary warehouse execution technology. Lineage says it expects to deploy approximately $1 billion of capital over the coming years on the acquisitions and the new greenfield developments. The existing Tyson warehouses that sold in the transaction total roughly 49 million cubic feet and are located in Pottsville, Pa., Olathe, Kan., Rochelle, Ill. and Tolleson, Ariz. Following the acquisition, Lineage plans to onboard over 1,000 Tyson employees. Over time, the acquired warehouses will be transitioned to public warehouses as part of Lineage’s global footprint. The transaction is subject to customary closing conditions and is expected to close in the second quarter. Lineage expects to deploy …
PITTSFIELD TOWNSHIP, MICH. — Gibbs Planning Group has proposed Sutherland Square, a neighborhood multifamily development in Pittsfield Township, just south of Ann Arbor. The walkable community will feature cottages, loft and townhomes, apartments, duplexes and larger family homes with varying price points and amenities as well as shops and offices clustered around a town square. Many of the homes will be designed for the “missing middle,” which refers to affordable housing options for renters and buyers. The proposed community is fully engineered and shovel ready. The neighborhood will be the Ann Arbor area’s first new urban community and one of only 10 built in Michigan in the post-World War II era, according to Gibbs. Sutherland Square is based on the concepts of New Urbanism, a planning movement co-founded by Robert Gibbs to promote traditional neighborhoods as an alternative to suburban sprawl. Traditional neighborhoods offer a variety of housing options all located in a walkable village setting. Sutherland Square will be located along State Road, four miles south of downtown Ann Arbor and nearby to the University of Michigan and Google office. Housing choices will include options for young, first-time renters, families, empty nesters and retired seniors. Sutherland Square will provide …
CLARKSTON, MICH. — The Back Nine, a golf simulator tenant, has signed a 3,215-square-foot retail lease at White Lake Commons in Clarkston, a northern suburb of Detroit. Anchored by Neiman’s Market, White Lake Commons is located at the southeast corner of Dixie Highway and White Lake Road. Michael Murphy of Gerdom Realty & Investment negotiated the lease.
