Retail V Michigan

Mid-America Real Estate Corporation closes sale of 76,000-square-foot retail center in Detroit suburb

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Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of the Shelby Corners retail development in Utica, Michigan, in the Detroit market.

Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of the Shelby Corners retail development in Utica, Michigan, in the Detroit market. The 76,390-square-foot power center was purchased by Beverly Hills, Michigan-based Grand Management & Development.

Shelby Crossings is located at the northwest corner of Hall and Schoenherr Roads in the Detroit suburb of Utica. The property features the Bed Bath & Beyond subsidiaries Christmas Tree Shops and BuyBuy Baby, and is surrounded by a larger regional center anchored by Target and Planet Fitness.

Ben Wineman and Carly Gallagher of Mid-America Real Estate Corporation, in cooperation with Daniel Stern of Mid-America Real Estate-Michigan, Inc. were the exclusive brokers in the transaction on behalf of the seller.