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GRAND HAVEN, MI-Ramco-Gershenson Properties Trust of Southfield, MI has begun building a 177,000-sf shopping center here.The center will contain 50,000 sf of retail space, including twooutlots, as well as a 127,000-sf Home Depot store. The homeimprovement chain store is expected to open in the first quarter of 2004.

Dennis Gershenson, president and CEO of the trust, saidthe company secured an in-fill location for the center where Home Depotperceived a retail void in the market.”This shopping center will be an excellent addition to our portfolio,” hesaid.

The development is located at the intersection of U.S. 31 (North BeaconBlvd.) and Jackson Street. Grand Haven is part of the metro area thatincludes the Western Michigan cities of Grand Rapids, Muskegon and Holland,Michigan.

The company has a portfolio of 61 shopping centers totaling approximately11.9 million sf of gross leasable area, consisting of 60 communitycenters, of which nine are power centers and two are single tenantproperties, as well as one enclosed regional mall. The company’s centers arelocated in 12 states.

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