CHICAGO (April 24, 2020) –  Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Roseville Towne Center in Roseville, Michigan. The 89,883 square-foot community shopping center was sold to a private 1031 exchange buyer in April 2020.

Roseville Towne Center is positioned in the suburban Detroit community of Roseville in southern Macomb County, 18 miles northeast of downtown Detroit. The property is situated in the heart of the Gratiot Avenue regional trade area, and anchored by Marshalls, CVS (drive-thru), Five Below, and Dollar Tree. The shopping center is also anchored by a separately owned Walmart.

Mid-America Real Estate Corporation Principal Ben Wineman and Vice President Carly Gallagher Kelly, in cooperation with Mid-America Real Estate – Michigan Inc. Principal Daniel Stern, were the exclusive brokers in the transaction on behalf of the seller, Cincinnati, Ohio-based Viking Partners.  The buyer was represented by Ferris Hamama of Keystone Commercial Real Estate.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Chicago, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Oakbrook Terrace IL, Chicago, Milwaukee, Minneapolis and Detroit.  For more information, call (630) 954-7300 or visit www.midamericagrp.com.

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LINKS:

Mid-America Real Estate: www.midamericagrp.com