Michigan

NAI Wisinski Arranges Sale of 5,720 SF Restaurant Building in Grand Rapids, Michigan

by Kristin Harlow March 24, 2017

GRAND RAPIDS, MICH. — NAI Wisinski has arranged the sale of a 5,720-square-foot restaurant building in Grand Rapids. Georgina’s Fusion Cuisine, a Traverse City-based Asian and Latin taqueria, purchased the two-story building for an undisclosed price. Located at 724 Wealthy St., the property will feature a 2,860-square-foot restaurant on the first floor and two apartments on the second floor. The building will undergo major renovations for the full-service restaurant before an anticipated opening this summer. This will be Georgina’s second location in Michigan. Todd Leinberger of NAI Wisinski arranged the sale on behalf of Georgina’s. Dave Zeemering of Victory Realty represented the seller, who is retiring from his retail business, Phil’s Stuff.

March 24, 2017

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A&G Realty to Manage Sale of 58 MC Sports Leases in Midwest

by Kristin Harlow March 22, 2017

MELVILLE, N.Y. — A&G Realty Partners will handle the sale of 58 MC Sports leases in seven states across the Midwest following the retailer’s Chapter 11 bankruptcy filing. The locations range in size from 11,000 to 46,000 square feet. The stores are located in Iowa, Illinois, Indiana, Michigan, Missouri, Ohio and Wisconsin. Bids are due no later than the close of business on Friday, April 7. MC Sports filed for Chapter 11 bankruptcy protection on Feb. 14 in the U.S. Bankruptcy Court, Western District of Michigan, Grand Rapids. A joint venture between Tiger Capital Group and Great American Group is currently conducting the going-out-of-business sale.

March 22, 2017

Healthcare Michigan Midwest

Grand Rapids Surgical Suites Signs 6,936 SF Lease for Medical Center in Southwest Michigan

by Kristin Harlow March 20, 2017

GRAND RAPIDS, MICH. — Grand Rapids Surgical Suites has signed a 6,936-square-foot lease for its ambulatory surgical center in Grand Rapids. The building is located at 2505 East Paris Ave. along the East Paris medical corridor. Grand Rapids Surgical Suites is a partner of SurgCenter Development, a corporation that partners with local surgeons to create physician-owned and operated ambulatory surgical centers. Mary Anne Wisinski-Rosely and Jason Makowski of NAI Wisinski brokered the lease transaction.

March 20, 2017

Michigan Midwest Office

Clear Rate Communications Enters Into 16,201 SF Office Lease in Troy, Michigan

by Kristin Harlow March 17, 2017

TROY, MICH. — Clear Rate Communications has entered into a 16,201-square-foot office lease in Troy. The telecommunication services provider will occupy the Class A space located at 2600 W. Big Beaver Road. Kevin Jappaya of KJ Commercial represented Clear Rate Communications in the lease transaction. Jeffrey Bell and Daniel Morse of CBRE represented the landlord, Sovereign Partners.

March 17, 2017

Healthcare Michigan Midwest

Griffin-American Healthcare REIT IV Acquires Medical Office Building in Battle Creek, Michigan

by Kristin Harlow March 15, 2017

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.

March 15, 2017

Michigan Midwest Retail

Cherry Republic to Open 2,745 SF Retail Location in Holland, Michigan

by Kristin Harlow March 14, 2017

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.

March 14, 2017

Michigan Midwest

QLine Streetcar to Begin Service in Motor City on May 12

by Kristin Harlow March 13, 2017

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.

March 13, 2017

Michigan Midwest

Wolverine Building Group to Construct 15,470 SF Youth Home in Grand Rapids, Michigan

by Kristin Harlow March 10, 2017

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.

March 10, 2017

Michigan Midwest Retail

Forum Group Arranges Sale of 8,000 SF Retail Building in Scio Township, Michigan

by Kristin Harlow March 10, 2017

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.

March 10, 2017

Michigan Midwest Retail

AT&T Signs 3,991 SF Retail Lease in Caro, Michigan

by Kristin Harlow March 7, 2017

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.

March 7, 2017

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