Mid-America Real Estate Corporation Executes Sale of Grocery-Anchored Center in Suburban Detroit
CHICAGO (February 25, 2022) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of North Hill Center; a strong neighborhood grocery-anchored center located in one of the most affluent communities in suburban Detroit. The 102,078-square-foot property was sold to Birmingham, MI-based Markus Management Group.
North Hill Center is located in upscale Oakland County community of Rochester Hills, and features a diversified tenant line-up consisting of retail, dining, and service options. Strategically positioned at the hard corner of Rochester and Tienken Roads, North Hill benefits from strong traffic counts and visibility, surrounded by an outstanding demographic profile of 61,000 residents with an average household income of $130,618 within three miles. The center is anchored by Hollywood Markets, a family-owned specialty grocery operator serving the northern Detroit suburbs for almost 100 years.
Mid-America Real Estate Corporation Principal Ben Wineman, in cooperation with Mid-America Real Estate- Michigan, Inc. Principal Daniel Stern (a Licensed Michigan Broker), were the exclusive brokers on behalf of the seller, a private partnership that originally developed the center in 1957. The Purchaser was represented by Mid-America Real Estate-Michigan, Inc. Senior Sales Associate Corbin Yaldoo.
About Mid-America Real Estate Group
Mid-America Real Estate Group is the largest regional retail property services firm in the Midwest. The organization’s 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-America’s Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Group’s 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.
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