DRA Advisors & Pine Tree Acquire Retail Property In Grand Rapids For $63.5M

The retail property located at 3665 28th St SE in Grand Rapids, MI was recently sold. The transaction took place on 08/12/2022. The property spans a total area of 537,948 square feet. The sale price for this retail asset was $63,500,000, resulting in a price per square foot of $118.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $63,500,000
• Square Footage: 537,948
• Address: 3665 28th St SE, Grand Rapids, MI
• Market: Grand Rapids, MI

The buyers in this deal were DRA Advisors and Pine Tree. The transaction was facilitated by CBRE, acting as the broker.