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Report: Meijer to make Detroit debut
New York -- Meijer is set to open its first store in the city of Detroit on July 25, according to Crain's Detroit Business.
The store will anchor a new shopping center and will feature a grocery section, drive-thru pharmacy, gas station and Huntington National Bank branch. Other tenants at the shopping center will include clothing and pet supply stores and fast-food restaurants.
Whole Foods Market recently opened a store in Detroit. -
Sold: Mount Prospect Plaza in suburban Chicago
Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp.’s investment sales group has brokered the sale of the 301,045-sq.-ft. Mount Prospect Plaza in Mount Prospect, Ill., a northwestern suburb of Chicago.
Ramco-Gershenson Properties Trust purchased the property for $36.1 million from a pension fund advised by JP Morgan Asset Management Inc.