Old Navy-anchored mall sells in Michigan

Marcus & Millichap secures local buyer

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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. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....