Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Livonia Marketplace in Livonia, Michigan. The 52,730-square-foot retail center was purchased by an New Jersey-based East Gate Alliance, LLC.
Shadow-anchored by Walmart, Kohl’s and LA Fitness, Livonia Marketplace is an established community center 88% leased to a diverse line-up of national and regional tenants including Dollar Tree, Petco, GNC, Rx Optical, Great Clips, Tropical Smoothie Café, Verizon and Koney Island Inn. The center is located in the infill community of Livonia located in northwest Wayne County, just 15 miles from Detroit’s central business district.
Mid-America Real Estate Corporation Principal Ben Wineman and Associate Emily Gadomski, in cooperation with Mid-America Real Estate-Michigan, Inc. Associate Richard Kerwin, were the exclusive brokers in the transaction on behalf of the seller, Bloomfield Hills, Michigan-based Lormax Stern Development Company and Deerfield Beach, Florida-based Konover South, LLC.