Marcus & Millichap Sells Grocery-Anchored Retail Center Merchants Crossing In Jackson, Michigan For $8M

Merchants Crossing, a grocery-anchored retail center located at 1100 West Argyle Street in Jackson, Michigan, has been sold for $8 million. The property spans a total area of 110,070 square feet, resulting in a price per square foot of $73. The transaction was facilitated by Marcus & Millichap's Detroit office and involved an all-cash buyer.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,000,000
• Address: 1100 West Argyle Street, Jackson, Michigan
• Market: Jackson, Michigan
• Brokers: Ashish Vakhariya, Seth Haron, and Darin Gross from Marcus & Millichap
• Property Size: 110,070 square feet
• Price per Square Foot: $73

The sale of Merchants Crossing attracted multiple offers before being acquired by the all-cash buyer. Kroger and Big Lots serve as anchor tenants for the retail center, contributing to its appeal. Marcus & Millichap's Detroit office, represented by brokers Ashish Vakhariya, Seth Haron, and Darin Gross, successfully facilitated the transaction, marking another milestone for the renowned brokerage firm.