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Matthews Real Estate Arranges Buy of Dearborn Home Depot
Matthews Real Estate Investment Services completed the $13,043,916 acquisition of a Home Depot. Located at 5951 Mercury Dr., Dearborn, MI, the retailer is within a Walmart-anchored shopping center that includes Value City Furniture and Crunch Fitness.
Situated on the corner of Ford Road and Southfield Freeway, the property obtains high traffic and visibility. EVP Chad Kurz and associate Preston Schwartz handled the buy-side deal.
Matthews aided the buyer in achieving the goal of securing a stable retail asset in an active market. The 112,600-square-foot Home Depot facility is just a few blocks away from other retail chains outside of the shopping center, including Target, Best Buy, Burlington, Big Lots, Olive Garden and PetSmart.
“The property had multiple offers on it, but Chad was able to leverage his reputation and relationships in the industry to secure the deal for our buyer,” said Schwartz.
- ◦Sale/Acquisition

