LOS ANGELES, Oct. 2, 2018 /PRNewswire/ — DealPoint Merrill acquires a former Kroger anchored shopping center located on 13.5 acres in Southgate, Michigan. Co-anchors include Logan’s Roadhouse and Dunham Sports.
Located on Eureka Blvd, the major retail and residential corridor in Southgate, with nearby Ford Motors and GM in the greater trade area, the commercial redevelopment will focus on the renovation of the existing shopping center, as well as including an additional 93,000 square foot and a retail pad on the 1.85 acres of a future parcel. The company’s growing portfolio includes acquiring several vacant big-box properties from Kmart, Albertsons, Kroger, Sears, Shaw’s, Macy’s, Walmart, Giant Eagle and more.
DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. Jason Limbert of DealPoint Merrill completed the acquisition.