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Mid-America Real Estate Investment Sales Group has arranged the sale of Dix-Toledo Shopping Center, a community retail center in the Detroit suburb of Southgate, Michigan. The property totals 121,184 square feet and serves as a neighborhood shopping destination for the surrounding area.
The one-story center was originally built in 1965 and later renovated in 1991, reflecting its long-standing role in the local retail landscape. The center is located at a busy intersection in Southgate, giving it significant exposure and steady traffic from nearby residential and commercial areas.
Dix-Toledo Shopping Center is currently 92% leased, with a tenant roster that includes several national retail brands. Among the occupants are TJ Maxx, Ross Dress for Less, Dollar Tree, Chuck E. Cheese, Snipes, and Hook & Reel, along with other retailers that round out the merchandising mix. The high occupancy level underscores the property’s established position within the trade area.
The seller, described as a private family, engaged Mid-America Real Estate Investment Sales Group to handle the disposition. Mid-America’s Ben Wineman and Daniel Stern served as the exclusive listing brokers, overseeing the marketing process and representing the seller in the transaction.
On the buy side, Friedman Real Estate’s Jaidyn Smith represented the purchaser, which is identified as a Detroit-based private investment company. The buyer’s local base and private capital profile highlight continued interest from regional investors in stabilized suburban retail assets.
The transaction reflects ongoing investor attention to well-leased community centers anchored and supported by national retailers. With a strong occupancy rate, established tenant mix, and a long operating history, Dix-Toledo Shopping Center remains a core retail asset within the Southgate submarket of the greater Detroit area.
Details such as the sale price, yield metrics, and business plans for the property were not disclosed, but the trade underscores the continued liquidity for multi-tenant retail centers that combine traffic-generating national tenants with a strong location in mature suburban corridors.
The post Mid-America Brokers Sale of 121K-SF Dix-Toledo Shopping Center in Southgate, Michigan appeared first on CRE Market Beat.
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