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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
- ◦Development
- ◦Sale/Acquisition

