Mid-America Real Estate Corporation Facilitates Sale of Dominant Regional Center In West Michigan on Behalf of Atlanta-Based RCG Ventures
CHICAGO (February 25, 2022) – Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of a dominant regional center serving the Muskegon, Michigan area. The 333,329-square-foot property was sold to Milwaukee, WI-based Berengaria Development.
Lakeshore Marketplace is shadow anchored by a high performing Target and leased to a diverse array of national credit retailers such as TJ Maxx, HomeGoods, Burlington, Hobby Lobby, Dunham’s Sports, Petco, Dollar Tree, Barnes & Noble, Old Navy, and Five Below. The center is positioned at the interchange of U.S. Route 31 & East Sternberg Road in Norton Shores, a community within the Grand Rapids-Muskegon MSA.
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 the seller, a joint venture between an affiliate of Atlanta, GA-based RCG Ventures, LLC and a New York, NY-based Joint Venture Partner.
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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