Old Navy-anchored mall sells in Michigan

Marcus & Millichap arranged the sale of the 97,772-square-foot Genesee Commons Shopping Center in Flint Township, Mich. 

The value of the transaction was $10.2 million.

The newly redeveloped, 8.2-acre Genesee Commons is located on Miller Road at the southern end of Genesee County and near the northern border of Oakland County.

FTM Associates LLC, a southeastern Michigan investment group, was the seller.

At the time of sale, the property was 96 percent occupied by tenants such as Old Navy, Bed, Bath & Beyond and JoAnn Fabrics.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.