Mid-America Real Estate Investment Sales Group announced the sale of Dix-Toledo Shopping Center, a 121,184-square-foot community center located in the Detroit suburb of Southgate, Michigan.
Mid-America’s Ben Wineman and Daniel Stern served as exclusive listing brokers on behalf of the seller, a private family. Friedman Real Estate’s Jaidyn Smith represented the buyer in the transaction. The purchaser was a Detroit-based private investment company.
Dix-Toledo Shopping Center is 92% leased to national retailers TJ Maxx, Ross Dress for Less, Dollar Tree, Chuck E. Cheese, Snipes, and Hook & Reel, among others. The highly trafficked center is located at a busy intersection, and the one-story property was built in 1965 and renovated in 1991.
The post 121K-SF Detroit-Area Retail Plaza Changes Hands appeared first on Connect CRE.
​Â