Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of a regional shopping center in the Saginaw, Michigan, Tri-City trade area. The 409,000-square-foot property was sold to a private family office investor.
Valley Center in the Saginaw market is anchored by national retailers including T.J. Maxx, HomeGoods, Dick’s Sporting Goods, Burlington, Michaels, PetSmart, Barnes & Noble, DSW, Old Navy, Ulta, Five Below and Dollar Tree, among others. The area surrounding Valley Center features a strong demographic profile with a residential population of 191,757 with average household incomes of $64,401. The center is 88% leased and features upside potential.
Mid-America Real Estate Corporation Principal Ben Wineman, in cooperation with Mid-America Real Estate- Michigan, Inc. Principal Daniel Stern (a licensed Michigan real estate broker), were the exclusive brokers in the transaction on behalf of an Institutional Investor.
