Agree Realty Corp. has sold a 176,352-square-foot shopping center located in Iron Mountain, Mich.

The value of the transaction was approximately $8.8 million.

The company developed Iron Mountain Plaza in 1991.

At the time of sale, the property was 98 percent leased, and was anchored by Kmart Corp. and Roundy’s.

The property was sold to a private investor.

Agree Realty Corp. is engaged in the ownership, management and development of retail properties located across 14 states.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription