Signature Associates

Posted By: Detroit News on March 13, 2024.  For more information, please click here to read the source article. Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago. Dollar Tree plans to close about 600 Family […]

Signature Associates’ Joe Banyai and Ben Wilkiemeyer represented the seller.  Signature is proud to have been a part of this amazing deal! For more information, please click here to read the source article. Posted By: Crain’s Detroit Business on February 28, 2024.      

Posted By: DBUSINESS on September 11, 2023.  For more information, please click here to read the source article. The Mall at Partridge Creek in Clinton Township has signed five new tenants: Box Lunch, JD Sports, Kids Empire, Lovesac, and Windsor. The Box Lunch location at Partridge Creek opened its doors this summer, while the other new tenants are slated […]

Posted By: The Detroit News on June 26, 2023.  For more information, please click here to read the source article. During the fall, the owners of Lakeside Mall signed a deal with the city of Sterling Heights that would pave the way for the redevelopment of the 110-acre site into a mixed-use complex. Tenants at the mall are […]

Posted By: Toledo Blade on July 2, 2023.  For more information, please click here to read the source article. Toledo postponed acting on a request that would help to fund a $5 million capital improvement project being proposed for the tired and largely vacant Swayne Field Plaza. Toledo City Council was asked to approve a request to underwrite […]

Posted By: mlive on April 24, 2023.  For more information, please click here to read the source article. The 28th Street corridor in Wyoming was once a hub of entertainment and shopping in the greater Grand Rapids area. With West Michigan’s first multiplex cinema and first shopping mall, it was the place for family and friends to gather […]

Posted By: REjournals on April 27, 2023.  For more information, please click here to read the source article. Tight vacancy rates. Resilience. And growth. These are all positives of the U.S. retail sector according to the latest research from Cushman & Wakefield. According to a first-quarter report from Cushman & Wakefield, the U.S. retail sector started 2023 riding the […]

Posted By: The Detroit News on April 24, 2023.  For more information, please click here to read the source article. Bed Bath & Beyond’s liquidation plan may weigh on one source of U.S. retail profits in the short term as the market is inundated with liquidated home and baby products — but it leaves a long-term prize of […]

Posted By: The Detroit News on March 10, 2023.  For more information, please click here to read the source article.   For more than a decade, a former Kmart store sat vacant in the Utica Park Place shopping center on Hall Road. The 61,000-square-foot space finally got a new use this past fall with the opening of the […]

Posted By: The Toledo Blade on March 13, 2023.  For more information, please click here to read the source article.   The city of Toledo wants to expand two grant programs that have made it financially viable for the owners of long-vacant neighborhood commercial buildings to bring them up to code and get them back into productive use. […]

Posted By: The Toledo Blade on January 24, 2023.  For more information, please click here to read the source article. Demolition of the former Elder-Beerman department store in Toledo is set to begin March 1 and be completed by June at the latest, said the project manager of the demolition contractor. The vacant Elder-Beerman store is located at […]

Posted By: The Detroit News on November 1, 2022.  For more information, please click here to read the source article.   Plans to redevelop the struggling Lakeside Mall into a mixed-use development moved forward Tuesday night when Sterling Heights City Council approved an agreement with the shopping center’s owner. The council approved, by a 5-2 vote, a memorandum […]

Posted By: Macomb Daily on September 5, 2022.  For more information, please click here to read the source article.   Meijer is going small for its newest store in Macomb County. The Grand Rapids-based chain has long been known as a supercenter for its combination of groceries and department stores under one roof. But its latest brick-and-mortar store, […]

Posted By: dbusiness on August 25, 2022.  For more information, please click here to read the source article.   Fairlane Town Center, a three-level super-regional shopping center in Dearborn, announced eight new tenants already opened or coming this year including Toys”R”Us, The Coloring Station, Express Yourself, Prissy Paw Palace, Incredible Burger, The Ukiyo Store, Ballzy Balls, and Fix […]

Posted By: MiBiz on August 28, 2022.  For more information, please click here to read the source article.   Retail corridors on Grand Rapids’ east side are in flux as new businesses move in and longtime staples relocate or shut down. The corridors in East Hills and Eastown embody West Michigan’s hot commercial real estate and retail market, […]

Posted By: mlive on July 11, 2022.  For more information, please click here to read the source article. Signature Associates’ Joe Rizqallah is proud to have been a part of this deal.   A Whole Foods Market at the Radcliff Plaza shopping center in Kentwood near Woodland Mall is opening Aug. 17, according to a sign hanging outside […]

For sale information on the former Sears, contact Steve Gordon. Posted By: CoStar on June 30, 2022.  For more information, please click here to read the source article.  For listing information, click here. Seritage Taps Signature Associates To Handle Sale of Property Currently Anchored By At Home and Hobby Lobby Seritage Growth Properties has put the […]

For leasing information on Eastland Commerce Center, contact Joe Hamway/Greg Hudas. Posted By: The Detroit News on July 7, 2022.  For more information, please click here to read the source article.   Sixty-five years after Eastland Center opened its doors to shoppers, the developer of a $94 million industrial complex broke ground on the project that will replace […]

The biggest property rezoning in recent Ann Arbor history is now finalized. City Council voted 8-3 Monday night, April 5, to OK reclassifying over 200 acres around Briarwood Mall under the city’s new TC1 transit-corridor zoning category to pave the way for downtown-style development on the city’s south side. “I’m very excited about this step […]

The new owner of Fairlane Town Center says it will redevelop the Dearborn mall for mixed use-destinations after its previous owner defaulted on loans. Centennial, a Dallas-based real estate investment firm focused on retail and mixed-use properties, on Wednesday said it has acquired the struggling 1.4 million-square-foot shopping center from Florida’s Starwood Capital Group. Details of […]

When clients visit Chris Habbo’s company, Care Mortgage on South Old Woodward, they’re able to pull up outside, park, and walk in to get an application, drop off paperwork and handle other business. All of that will change this spring when the city begins its $12 million reconstruction project that will reconfigure a half-mile stretch […]

The owners of the Westgate Village Shopping Center plan to purchase the vacant Sears building and redevelop the property, the company’s CEO told The Blade. Liz Holland, the CEO of Chicago-based Abbell Credit Corp., which owns the Westgate plaza, said the vacant building will be razed and the company will evaluate various redevelopment proposals for […]

These days, consumers actually have more places to shop, not fewer. Contrary to the common refrain about the death of retail, there has been an increase of nearly 11 percent in the amount of retail space in the five-county area the last 16 years. Large, but aged and dying, shopping centers like Summit Place Mall […]

A new owner is nearing a purchase of Oakland Mall, Crain’s has learned. Mario Kiezi, a real estate investor and developer based in Troy, confirmed that he has the mall under contract for purchase for an undisclosed price. Letters have been sent to the mall’s tenants informing them of the pending ownership change. Kiezi declined […]

The Fairlane Town Center shopping mall in Dearborn is about to be sold, according to a New York City-based company that tracks commercial real estate loans . Commercial mortgage-backed securities loan commentary provided Wednesday afternoon by New York City-based Trepp LLC says the sale of both Fairlane, located at 18900 Michigan Ave., as well as the Shops […]

A privately held real estate company in Georgia recently purchased Felch Street Shopping Center in Holland Charter Township for $21 million. The 166,100-square-foot shopping center is fully leased to national and regional retailers including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, T.J.Maxx and Ulta Beauty. […]

Signature Associates is pleased to confirm the lease on the former Linda Dresner store on W. Maple Road to Serena & Lily.  Boji Group purchased the iconic building on the corner of Maple and Bates streets, renaming the building MapleBates. Boji Group secured the lease in November of 2021 with the assistance of Signature Associates’ […]

Adjusting and adapting seemingly have become the “new normal” for retailers as COVID-19 hasn’t shown much sign of going anywhere anytime soon. Despite stock shortages due to supply chain issues, price increases and difficulty with employee retention on the part of retailers, customers still are shopping — and they are doing so in person. A […]

Imagine 16 deserted Mall of Americas. That’s how much space battered mall owners need to fill heading into 2022, more than 90 million square feet. It’s no easy task, with dozens of retail chains already cutting back or shutting down, and it won’t get any better if the newest pandemic wave scares off shoppers. So […]

With new retailers filling up Rossford’s former Giant Eagle building and construction taking place in Perrysburg Township’s French Quarter Square, U.S. 20 has become a hub of economic development for the region. “The Route 20 corridor is about as hot as any corridor in the greater Toledo area,” said Doug Flick, director of real estate […]

While some downtowns, malls and shopping centers struggle to recover from the impacts of the COVID-19 pandemic on in-person shopping and office space needs, Oakland County’s downtown Birmingham is emerging as a bright spot. The sidewalks and parking structures are busy once again with visitors and downtown workers on lunch break, and at least eight retailers and four new food establishments have in recent […]

City officials on Thursday announced the long-vacant former North Towne Square Mall property will soon be redeveloped into Toledo’s latest industrial park, a move Mayor Wade Kapszukiewicz said will bring at least 500 well-paying, advanced manufacturing jobs to the community. Kansas City-based NorthPoint Development intends to spend $70 million to build two industrial buildings totaling […]

Two troubled metro Detroit malls have come under new management and one of them recently went into receivership amid financial woes. The Mall at Partridge Creek in Clinton Township and Fairlane Town Center in Dearborn are now being managed and marketed for lease by Syracuse, N.Y.-based Spinoso Real Estate Group LLC. Partridge Creek also has come under the […]

Amid a global pandemic that has shaken the brick-and-mortar retail industry even more, a Baltimore buyer is betting $34 million on the success of a key property across from Oakland Mall in Troy. Continental Realty Corp., a private equity fund, has purchased Oakland Center and Oakland Square at 14 Mile and John R roads totaling some 392,000 […]

The retail sector of West Michigan’s commercial real estate market is seeing heavy activity despite many business owners struggling to stay fully staffed. Local real estate brokers attribute the high level of activity partly to pent-up demand from consumers and deals being put on hold in 2020 because of the pandemic, as well as the […]

After entertaining a number of interested parties, the city of Southfield has finally inked an $11.1 million deal with Bloomfield Hills-based Contour Cos. for a majority of the 114-acre former Northland Center property. The signing of the deal, which was announced July 29, came shortly after the city received approval of a $26 million Michigan […]

Discount home goods retailer HomeBuys is coming to Toledo, filling a long-vacant space at Talmadge Road and Monroe Street that previously housed The Andersons general store. The Columbus-based company with locations around the state claims a “treasure-hunt atmosphere,” with always-changing items. It purchases closeout items from other retailers and manufacturers then sells them at a deep discount. […]

The City of Southfield finalized the sale Thursday of the abandoned Northland Center mall to a private developer who plans to demolish big portions of the old shopping mall, save some of it and build new housing and commercial space. Bloomfield Hills-based Contour Companies closed on the $11.1 million purchase agreement for the 97-acre site and the money is sitting […]

Two years after Birmingham voters nixed a proposal to build a new parking deck that would help bring RH (formerly Restoration Hardware) to downtown, another plan appears closer to reality. The city’s planning board voted Wednesday to recommend approval of the final site plan and special land use permit for the building that would house […]

The region’s third Amazon Fresh grocery store concept is believed to be under construction in Troy. Permits and site plans obtained from the city through a Freedom of Information Act request show a layout and design similar to other Amazon Fresh stores around the country, including locations Crain’s previously first reported in the spring in Shelby […]

What kind of birthday gift do you buy for a shopping mall? In the case of Franklin Park Mall, which reaches 50 years old July 22, the answer is probably a dozen or so new tenants to help put it on the path toward another half-century. But Toledo’s premier shopping venue didn’t survive this long […]

Fifteen months ago the city of Toledo soundly rejected tax abatements that would have helped a California firm redevelop the former Elder-Beerman property on Secor Road. It appears the once-popular department store will remain vacant for the foreseeable future because tearing it down and erecting new retail space on the site is not economically feasible […]