JLL Capital Markets closed the sale of Felch Street Shopping Center, a 166,100-square-foot, fully leased destination retail center in the Grand Rapids community of Holland, Michigan.
JLL marketed the property on behalf of the seller. A private fund based in the Southeast purchased the asset.
Felch Street Shopping Center is 100-percent leased to a lineup of national and regional tenants, including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Old Navy, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, T.J.Maxx and Ulta Beauty. Additionally, the center is shadow anchored by a Lowe’s Home Improvement.
Positioned at 12635 Feltch St., the center is in Holland, a western Michigan community that attracts more than 1 million visitors each year and that Forbes named one of “America’s Prettiest Towns.”
The JLL Retail Capital Markets team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Managing Director Matthew Schoenfeldt.