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.


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