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JOINT VENTURE ACQUIRES 275,891-SQUARE-FOOT RETAIL CENTER

Posted on by in Midwest, Retail

ALLEN PARK, MICH. — West Bloomfield, Mich.-based Lormax Stern Development has partnered with Deerfield Beach, Fla.-based Konover South, an affiliate of The Simon Konover Company, to acquire Fairlane Green, a regional shopping center in Allen Park. The 275,891-square-foot, LEED Gold property is occupied by Barnes & Noble, Bed Bath & Beyond, Michaels, Old Navy and TJ Maxx. Archon Group, a subsidiary of Goldman Sachs, sold the property for an undisclosed price.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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