Press Releases
HomeGoods opens first Grand Rapids area store as part of combo with TJ Maxx
KENTWOOD, MI — The Grand Rapids area’s first T.J. Maxx and HomeGoods combo store opened this morning in the Centerpointe Mall. The retailers are owned by Framingham, Mass.-based TJX Companies, which trades on the New York Stock Exchange under TJX, operates more than 3,000 stores. The new combo 50,000 square foot store, which opened at..
read moreFrandor to Welcome National Guitar Retailer & Restaurant
Lansing State Journal- Business November 26, 2012 By: Lindsay VanHulle A West Coast guitar retailer and a sushi restaurant are among new tenants slated for the Frandor Shopping Center, and its property manager said the new activity is a sign of a rebounding retail market. Guitar Center Inc. plans to open its ninth Michigan store..
read moreFormer GM stamping plant site to be marketed as Site36
Grand Rapids Business Journal April 16, 2012 By: Pete Daly The city of Wyoming, economic development agency The Right Place Inc. and West Bloomfield development company Lormax Stern announced this morning that the cleared site on 36th Street where the General Motors stamping plant once stood will now be marketed as Site36, with the goal..
read moreCenterpointe mall owner explains how ‘de-malling’ plan will turnaround shopping center
M Live – West Michigan Business April 6, 2012 By: Shandra Martinez GRAND RAPIDS, MI — For years, the owners of Centerpointe have wanted to transform the aging mall into an open air shopping center known as a power center. That ambitious plan was postponed when the recession hit the retail industry hard. But that..
read moreCole Real Estate Investments Acquires Fairlane Green Power Center for $47 Million
270,000-Square-Foot Property Nearly 100% Occupied with Strong Lineup of National Retail Tenants DIGITAL JOURNAL March 15, 2012 Phoenix, AZ (PRWEB) Cole Real Estate Investments (Cole), one of the nation’s leading investors in high-quality, income-producing retail, office and industrial real estate assets, announced the acquisition of Fairlane Green, a 270,000-square-foot retail power center located..
read moreSpec’s Announces New Plano, Fort Worth Stores
DALLAS BUSINESS JOURNAL February 20, 2012 By: Lance Murray, Digital Content Producer Spec’s Wine, Spirits & Finer Foods has signed two leases in Fort Worth and announced it is has leased space for a store in Plano. The Houston-based company has leased 30,000 square feed of space at Interstate 30 and Eastchase in Fort Worth. The..
read moreCan an Old Auto Plant Come Back to Life? West Michigan Community Aims to Try
CRAIN’S DETROIT BUSINESS January 11, 2012 4:05 PM By: Pat Schellenbarger The General Motors Corp. stamping plant in suburban Grand Rapids was born in the Great Depression and died in the last recession. Now West Michigan government and economic development officials are betting that the site will enjoy an economic revival. Eighteen months after demolition..
read moreMEGA OKs Tax Incentives for Meijer Store in Detroit, Urban Market in Grand Rapids
DETROIT MAKE IT HERE November 15, 2011 By: Daniel Duggan The state of Michigan has approved a $3.3 million tax incentive for the development of a Meijer Inc. store on the site of the vacant Redford High School in Detroit. The approval was among $11.4 million in tax incentives OK’d today by the board of..
read moreLormax Stern Purchases Phase I of Fairlane Green Retail Center in Allen Park
CRAIN’S DETROIT BUSINESS June 07, 2010 2:46 PM By Daniel Duggan West Bloomfield Township-based retail developer Lormax Stern Development Co. has purchased phase one of the Fairlane Green retail development in Allen Park from a Texas-based investment group. Sale of the 400,000-square-foot facility closed Friday. The sale price was not disclosed. Selling the retail center..
read moreLivonia Marketplace Groundbreaking Set for Thursday
CRAIN’S DETROIT BUSINESS August 24, 2009 3:04 PM By Gabe Nelson A groundbreaking ceremony for the planned Livonia Marketplaceshopping center has been scheduled for Thursday, the developers of the 325,000-square-foot complex announced today.The shopping center is being developed by Livonia Phoenix L.L.C., a partnership consisting of Farmington Hills-based Grand/Sakwa Properties L.L.C., Bloomfield Township-based Lormax Stern..
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