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Chicago & Midwest  + Midwest  + Retail  | 

DealPoint Merrill Plans Redevelopment in Detroit Suburb

DealPoint Merrill LLC, based in Los Angeles, acquired a 69,275-square-foot former Kroger Shopping Center on seven acres in the retail corridor of Sterling Heights, MI, a Detroit suburb. Seller and pricing weren’t disclosed.

The property is in a growing community on the corner of Dequindre Road and 18 Mile Road, with co-anchors McDonald’s and Mobil gas station and across the street from the newly relocated Super Kroger grocery. DealPoint Merrill plans to redevelop the property into a new 138,000-square-foot development. 

CEO David Frank negotiated the transaction on behalf of DealPoint Merrill, while president Sterling McGregor handled the due diligence and financing of the purchase. Jason Limbert, director of acquisitions, and Tyler Bendicksen, head of investment underwriting, also participated in the acquisition. 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
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