Mid-America Real Estate Corporation’s Investment Sales Group brokered the sale of The Ellington Retail, a 34,431-square-foot grocery-anchored shopping center in Detroit’s Midtown neighborhood, together with a leasehold interest in the adjacent parking structure. The property was sold to a private investor.
The Ellington Retail is 100% leased to a strong lineup of national tenants featuring Whole Foods Market, Bank of America, Chase Bank (ATM), FedEx Office, Great Expressions Dental, Pure Barre, and Qargo Coffee. The property is situated at the busy corner of Woodward and Mack Avenues, two major thoroughfares throughout Detroit with over 38,000 vehicles passing through the intersection each day.
Mid-America Real Estate Corporation Principal Ben Wineman, in cooperation with Mid-America Real Estate – Michigan, LLC Principal Daniel Stern, was the exclusive listing broker in the transaction on behalf of Detroit-based The Platform, the Seller and original master plan developer of the site. The Purchaser was represented by AQRE Advisors Managing Partner Jon Kouza.
