Mid-America Real Estate Corporation’s Investment Sales Group brokered the sale of Cascade East, a 99,529-square-foot, 97% leased grocery-anchored community center in Grand Rapids, Michigan.
Cascade East is anchored by D&W Fresh Market (SpartanNash) and complimented by Hallmark, Sola Salon Studios, iSmash, Your Pets Naturally, HOTWORKX, Warhammer, and Pit Stop Catering, among others. The center is positioned in the affluent east suburban Grand Rapids area along the market’s busiest commercial corridor of 28th Street, serving a customer base within a 5-mile radius of 71,000 residents with average household incomes of nearly $150,000 and a daytime population that increases to 126,000.
Mid-America Real Estate Corporation Principal / Managing Broker Ben Wineman and Associate Eric Geskermann, in cooperation with Mid-America Real Estate – Michigan, Inc. Principal / Managing Broker Daniel Stern, acted as the exclusive listing brokers in the transaction on behalf of a publicly traded REIT. The property was acquired by Detroit area based private investment firm Batal Real Estate.
