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Grossman and Summit acquire Westport, Conn., retail building
Quincy, Mass. — The Grossman Cos. and Summit Development LLC have joined forces to acquire a 5,728-sq.-ft. retail building in Westport, Conn., for $2.7 million.
Located in one of Fairfield County’s most affluent towns, the building is adjacent to the Westport Metro North train station and offers easy access to an exit from Interstate 95.
Approximately 131,000 vehicles pass the building on I-95 every day, followed by another 14,000 vehicles on Route 33. Average annual household income in Westport is $170,000.
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HopCat acquires brewpub location in Midtown Detroit
Grand Rapids, Mich. — HopCat has purchased a former restaurant building on Woodward Avenue in Midtown Detroit and plans to open its third Michigan location in August. Mid-America Real Estate – Michigan represented the seller, Midtown Detroit Inc., in the transaction. Mid-America in cooperation with M Retail Solutions represented HopCat. A mass transit stop is planned directly in front of the building.
With 130 taps, the Midtown location will be the largest craft beer bar in the state. The bar will also offer wine, liquor and a full menu.