Jul
10
Madison Realty Capital Sells Richmond Plaza
ByThe 155,781-square-foot retail center in Richmond, Mich., sold to Statewide Richmond LLC in an off-market transaction. The property has nearly 39,000 square feet available for lease.
Friedman Integrated Real Estate Solutions mediated the sale of Richmond Plaza, a 155,781-square-foot retail center in Richmond, Mich. Statewide Richmond LLC, a local investor, acquired the property from Madison Realty Capital.
The multi-tenant asset occupies 21 acres at 67300-67500 Main St. and is anchored by Kmart. The shopping center is located just outside downtown and offers 825 parking spaces and excellent visibility from Main Street. Currently, Richmond Plaza has roughly 39,000 square feet of space available for lease. Suites vary in size from 1,200 to 31,170 square feet, according to Friedman’s website…
