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Chicago & Midwest  + Midwest  + Retail  | 

121K-SF Detroit-Area Retail Plaza Changes Hands

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.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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