Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Clawson Center, a 100% leased community center that features strong national and local tenancy in the northern Detroit suburb of Clawson, MI. The 91,266-square-foot property was sold to a Detroit-area-based Private Investment Group.
Anchored by Staples and Dollar Tree, Clawson Center features necessity and convenience-oriented tenants including Billings Lawn Equipment, Burn Fitness, Cosmoprof, H&R Block, Joe’s Army/Navy, Play It Again Sports, and Salon Suites. The center is shadow anchored by separately owned ALDI, Rite Aid, and O’Reilly’s Auto stores.
Mid-America Real Estate Corporation’s Ben Wineman, in cooperation with Mid-America Real Estate – Michigan’s Daniel Stern, were the exclusive brokers in the transaction on behalf of the seller, a Dallas, TX based family office. The Buyer was represented by Kevin Jappaya, David Jappaya, and Preston Rabban of Farmington Hills, MI -based KJ Commercial Real Estate Advisors.
About Mid-America Real Estate
Mid-America Real Estate 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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