Retail Asset, Industrial Building Change Hands

DETROIT-Agree Realty Corp. buys a parcel in Big Rapids, MI to build a $3.9-million retail center while the 173,000-sf Shiloh building sells to the parent company of Plastech Engineered Products.

By Robert Carr | September 09, 2002 at 01:01 AM

Agree purchased the Big Rapids property for an undisclosed sum. Agree officials say the project is pre-leased and will open next spring. The company owns and operates a portfolio of 48 properties in 13 states, with an aggregate 3.6 million square feet in gross leasable area.

Brad Viergever of Signature brokered the deal on behalf of Shiloh of Michigan LLC., who owned the building. The purchase price was not disclosed.

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