Mid-America Real Estate Corporation Executes Sale of Dominent Regional Shopping Center in the Saginaw, Michigan Tri-City Area
CHICAGO (February 14, 2022) – Mid-America Real Estate Corporationโs Investment Sales team recently brokered the sale of a premier regional shopping center in the Saginaw Michigan Tri-City trade area. The 409,000-square-foot property was sold to a Private Family Office Investor.
Valley Center is the Saginaw marketโs most successful retail destination anchored by its strongest collection of national retailers including T.J. Maxx, HomeGoods, Dickโs Sporting Goods, Burlington, Michaels, PetSmart, Barnes & Noble, DSW, Old Navy, Ulta, Five Below, and Dollar Tree, among others. The area surrounding Valley Center features a strong demographic profile with a residential population of 191,757 with average household incomes of $64,401. The center is 88% leased and features upside potential.
Mid-America Real Estate Corporation Principal Ben Wineman, in cooperation with Mid-America Real Estate- Michigan, Inc. Principal Daniel Stern (a licensed Michigan real estate broker), were the exclusive brokers in the transaction on behalf of an Institutional Investor.
About Mid-America Real Estate Group
Mid-America Real Estate Group is the largest regional retail property services firm in the Midwest. The organizationโs exclusive focus on retail real estate, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The company manages and leases 42 million square feet of retail space, and represents over 270 retailers. Mid-Americaโs Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Groupโs strategic approach combines outstanding national exposure with the best local knowledge, resulting in the successful disposition of over $12.15 billion to date. For more information, visit www.midamericagrp.com.
Property Photo Available on Request
Media Contact for More Information:
Olivia Simmons | 630.954.7363 | [email protected]