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Mid-America Brokers Deal for Detroit-Area Community Center
Mid-America Real Estate Corporation’s investment sales group recently brokered the sale of Clawson Center, a 100% leased community center with strong national and local tenancy in the northern Detroit suburb of Clawson, MI. The 91,266-square-foot property was sold to Detroit-area Private Investment Group for an undisclosed sum.
Anchored by Staples and Dollar Tree, Clawson Center features necessity and convenience-oriented tenants including Billings Lawn Equipment, Burn Fitness, Cosmoprof, H&R Block, Joe’s Army/Navy, Play It Again Sports, and Salon Suites. The center is shadow anchored by separately owned ALDI, Rite Aid and O’Reilly’s Auto stores.
Mid-America Real Estate Corporation’s Ben Wineman and Mid-America Real Estate – Michigan’s Daniel Stern brokered the transaction on behalf of the seller, a Dallas, TX based family office. The buyer was represented by Kevin Jappaya, David Jappaya, and Preston Rabban of Farmington Hills, MI -based KJ Commercial Real Estate Advisors.
- ◦Sale/Acquisition

