Time Equities buys Dearborn power center for $20.6 million

Mid-America Real Estate reported it has arranged the sale of the Fairlane Meadows Shopping Center in Dearborn, Michigan, to Time Equities for $20.6 million. The seller was Ramco-Gershenson Property Trust.



The 157,225-sq.-ft. center is situated within a residential development of the same name. The store roster includes Best Buy, Citi Trends, David’s Bridal, Five Below, and Dollar Tree. It is shadow-anchored by Target and Burlington Coat Factory.



New York-based Time Equities owns more than 80 retail properties along the East Coast, stretching from South Carolina to New Brunswick, Canada.

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