Agree Realty Corp. has announced that it will develop a shopping center on a second property that it has acquired in Flint.The company’s budgeted cost for the project is $3.8 million. The project is pre-leased and will be completed during the fourth quarter of 2000, but company officials declined to name the new tenant.

Agree owns, manages anddevelops neighborhood community shopping centers, or single- tenant properties leased to major retail tenants. The company owns and operates a portfolio of 44 properties located in 13 states, with an aggregate of 3.5 million sf in gross leaseable area.

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