Stockbridge Northridge, LLC has acquired the 91,264-square-foot Three Rivers Shopping Center, 1320 W. Broadway, in Three Rivers Michigan.
Carson Equities, LLC sold the site, which sits on an 11.77-acre site in southern Michigan, just 12 miles north of the Indiana/Michigan border.
The center sits across from Home Depot and Meijer, and is adjacent to Applebee’s Restaurant and a recently constructed Menard’s Supercenter. The center is currently 81 percent occupied to Peebles, Dunham’s Sports and Family Farm & Home.
Rich Deptula, National Director, Investment Advisory Services at Friedman Integrated Real Estate Solutions represented both the seller and the purchaser in this transaction.