OAKBROOK TERRACE, IL – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of the 86,891-square-foot Meridian Towne Centre located in Okemos, Mich., for $11 million. The shopping center was bought by a private real estate investment firm.
Meridian Towne Centre is located on the northeast corner of Marsh Road and West Grand River Avenue, and features a strong credit line-up of national retailers including Marshalls, Five Below, Ulta, David’s Bridal, Fed Ex, Sally Beauty Supply and Stride Rite. The center is shadow anchored by Target and Kroger.
Joe Girardi and Ben Wineman of Mid-America Real Estate Corporation and Daniel Stern of Mid-America Real Estate –Michigan Inc. were the exclusive brokers in the transaction on behalf of the seller, Viking Partners.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.