CHICAGO (February 14, 2022) - Mid-America Real Estate Corporation’s 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 market’s most successful retail destination anchored by its strongest collection of national retailers including T.J. Maxx, HomeGoods, Dick’s 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 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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