DealPoint Merrill Acquires Former Kroger Grocery Anchored Shopping Center on 13.5 Acres In Southgate, Michigan

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.

DealPoint Merrill Secures Bridge Financing for Redevelopment in Five States

LOS ANGELES, June 19, 2018 /PRNewswire/ — DealPoint Merrill has secured bridge financing for the redevelopment phase of projects in Benbrook, Texas, Columbus, Ohio, St. Charles, Missouri, Chandler, Arizona and Saginaw, Michigan.

Collectively the five properties represent nearly 600,000 square feet. After the construction phase was completed and lease up was underway, DealPoint Merrill secured long-term financing for final stabilization.

DealPoint Merrill worked with Cronheim Mortgage to secure approximately $27,000,000 of financing across the five properties.

DealPoint Merrill Closed Escrow on 325,500 SF for Redevelopment in Columbus-Ohio, Tucson-Arizona and Saginaw-Michigan

LOS ANGELES, June 17, 2014 /PRNewswire/ — DealPoint Merrill recently purchased three properties known as National Road Plaza in Columbus, Ohio, consisting of a 120,700 SF shopping center; American Mini Self-Storage consisting of 53,400 SF, and Bay View Plaza shopping center in Saginaw, Michigan, consisting of a 151,396 SF.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the purchases. Mike Gustafson, President of Sperry Van Ness ®/DealPoint Merrill Equities, an affiliate of DealPoint Merrill assisted with the investment capital. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation, and Mark Yadisernia were the brokers. First American Title Company, represented by Greg Corlyn, handled the title and escrow for the transactions.