Retail Midwest

CBRE|Grand Rapids sells enclosed shopping center in Michigan

CBRE|Grand Rapids in Grand Rapids, Mich., recently sold Rogers Plaza Town Center, a retail center located in Wyoming, Mich. The 365,572-square-foot partially enclosed shopping center occupies about 35 acres at the southeast corner of 28th Street and Clyde Park Avenue.

CBRE|Grand Rapids in Grand Rapids, Mich., recently sold Rogers Plaza Town Center, a retail center located in Wyoming, Mich. The 365,572-square-foot partially enclosed shopping center occupies about 35 acres at the southeast corner of 28th Street and Clyde Park Avenue.

Van Martin and Bob Lotzar with CBRE|Grand Rapids led the marketing efforts on the property. Receivership, property management and leasing services for this assignment were provided by Michael Martz, Daniel Sermak, Casie Pickle, Jennifer Kitchen and Tricia Foster.

“Our ability to coordinate multiple commercial real estate services through a single provider was key,” said Robert Porter, vice president of Citizens Bank. “CBRE successfully positioned the asset in the marketplace while managing every operational detail. Their investment properties platform delivered quickly and at the right price point. I would not hesitate to use their team in the future.”

The new ownership entity, Sun Valley, LTD, is based out of San Antonio, Texas.