REBusinessOnline

Mid-America Negotiates $20.6M Sale of 157,225 SF Retail Center in Suburban Detroit

fairlane-meadows-dearborn-mi

Located in Dearborn, Mich., the 157,225-square-foot Fairlane Meadows is occupied by David’s Bridal, Game Stop, Sally Beauty, Best Buy, Citi Trends, Dollar Tree and Five Below.

DEARBORN, MICH. — Mid-America Real Estate Corp.’s investment sales team has arranged the sale of Fairlane Meadows, a retail center located at the corner of Ford Road and Mercury Drive in Dearborn. Times Equities acquired the property from Ramco-Gerhenson Properties Trust for $20.6 million. The 157,225-square-foot center is occupied by Best Buy, Citi Trends, David’s Bridal, Five Below and Dollar Tree. Ben Wineman and Daniel Stern of Mid-America represented the seller in the deal.

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