Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of the Shelby Corners retail development in Utica, Michigan, in the Detroit market. The 76,390-square-foot power center was purchased by Beverly Hills, Michigan-based Grand Management & Development.
Shelby Crossings is located at the northwest corner of Hall and Schoenherr Roads in the Detroit suburb of Utica. The property features the Bed Bath & Beyond subsidiaries Christmas Tree Shops and BuyBuy Baby, and is surrounded by a larger regional center anchored by Target and Planet Fitness.
Ben Wineman and Carly Gallagher of Mid-America Real Estate Corporation, in cooperation with Daniel Stern of Mid-America Real Estate-Michigan, Inc. were the exclusive brokers in the transaction on behalf of the seller.
