STERLING HEIGHTS, MICH. — Skin Diva Spa has signed a 2,000-square-foot retail lease at Brookside Village in Sterling Heights, a northern suburb of Detroit. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the undisclosed landlord. Located at the northwest corner of 15 Mile and Schoenherr roads, Brookside Village has one space remaining available for lease.
TROY, MICH. — Bernard Financial Group (BFG) has arranged a $29.2 million loan for the construction of a 200-unit multifamily project in Troy. Dennis Bernard and Joshua Bernard of BFG arranged the loan through Old National Bank. The loan terms and name of the borrower were not provided.
WARREN, MICH. — Green Lantern Pizza has leased 1,400 square feet at Village Plaza in Warren, a northern suburb of Detroit. The Warren restaurant marks Green Lantern Pizza’s 10th location in the state. Michael Murphy, Bill McLeod and Haley Kelly of Gerdom Realty & Investment represented the landlord, Shango Enterprise Group. Located at the northwest corner of 13 Mile and Mound roads, Village Plaza spans roughly 100,000 square feet. Green Lantern Pizza has operated in metro Detroit since 1955.
CLARKSTON, MICH. — Fitness concept Club Pilates will open a 2,580-square-foot location at the White Lake Commons shopping center in Clarkston, a northern suburb of Detroit. The property is located near the intersection of Dixie Highway and White Lake Road. Michael Murphy, Haley Kelly and Tjader Gerdom of Gerdom Realty & Investment represented the landlord, Shango Properties. Stephen Smith of TNF Realty represented the tenant.
WATERFORD, MICH. — Tammy’s Four Paws Dog Grooming has leased 1,412 square feet at the Excalibur Square shopping center located on Highland Road in Waterford Township, about 38 miles north of Detroit. Michael Murphy of Gerdom Realty & Investment represented the tenant in the lease transaction. Petar Elieff of Iconic Real Estate represented the undisclosed landlord.
TRAVERSE CITY, MICH. — Matthews Real Estate Investment Services has brokered the sale of a PepsiCo distribution center in Traverse City for $5.6 million. The build-to-suit property is located at 4248 Cherry Pepsi Way. Brett Davis and Alexander Harrold of Matthews represented the seller, a private investor. The California-based buyer completed a 1031 exchange. The facility spans 32,100 square feet and was built in 2018, according to LoopNet.
TROY, MICH. — Dominion Real Estate Advisors has brokered the sale of an 8,870-square-foot industrial building located at 1237 E. 14 Mile Road in Troy for an undisclosed price. Barry Landau and Eric Banks of Dominion represented the long-time owner, Expert Collision. Matt Cole of L. Mason Capitani/CORFAC International represented the buyer, S.C. Warren Auto & Glass Inc., which will continue to use the building as an automotive paint and repair shop.
BRIGHTON, MICH. — Trinity Health Michigan has unveiled plans for a replacement hospital in metro Detroit’s Livingston County that will enhance patient access and create an integrated campus of medical and surgical care at its existing medical center in Brighton. The three-year project has a price tag of $238.2 million. The four-story, 174,000-square-foot hospital will consist of 56 acuity adaptable beds, 18 short-stay beds and eight licensed operating rooms. The existing medical center facility will also undergo renovations. Construction is scheduled to begin in early 2023. Acuity adaptable rooms enable patients to stay in one centralized room throughout their entire stay rather than being transferred to other units, while short-stay units are targeted for patients requiring brief hospitalization. The project represents a multi-year effort to relocate inpatient and outpatient services from the aging Trinity Health Livingston hospital in Howell to the campus of Trinity Health Medical Center-Brighton. When complete in 2025, the new hospital will bring together healthcare providers and services to offer a continuum of care in one location for Livingston County and surrounding communities. The new hospital will offer the following medical services: primary care, general medicine, gynecological surgery, urology, cardiology and intensive cardiac rehab, orthopedics, minimally invasive …
GRAND RAPIDS, MICH. — Magnus Capital Partners, a Grand Rapids-based asset management and real estate investment firm, is set to break ground Dec. 19 on HōM Flats at Maynard, a new $51.5 million multifamily housing development located in Grand Rapids. Situated on 12.8 acres off Lake Michigan Drive NW, HōM Flats at Maynard will comprise seven buildings and 240 one-, two- and three-bedrooms apartments. Amenities at the community will include fitness and yoga centers, play spaces for children, indoor and outdoor dog parks, a pet spa, a café, rooftop lounge, indoor bike storage, a game room and green spaces. Once constructed, HōM Flats at Maynard will join Magnus Capital Partners’ current portfolio of HōM Flats at 28 West in Wyoming, Michigan and HōM Flats at Felch Street in Holland, Michigan. Both properties were completed in 2021. Hooker DeYoung will serve as the architect and Rhode Construction will serve as general contractor for the project. Magnus Capital and its equity partner, Stratford, received project approval from the Michigan State Housing Development Authority in late November. The project will be financed through the federal Low-Income Housing Tax Credit program, making the apartments affordable based on tenant income. The developer is targeting tenants …
PLYMOUTH, MICH. — Domino’s Pizza has signed a lease to occupy 1,667 square feet near the southwest quadrant of Ann Arbor Road and Main Street in Plymouth. The new Domino’s location will partially replace a former AT&T store, which has been vacant for 150 days and is currently being redeveloped into a two-tenant retail building. The store is slated to open in approximately six months. Michael Murphy and Tjader Gerdom of Gerdom Realty and Investment, a commercial real estate agency based in Northville, Mich., represented Domino’s in the transaction. Gregory Mallory of Armada Real Estate, based in West Bloomfield, Mich., represented the landlord.