SOUTHFIELD, MI-Michaels Crafts and Pier I Imports have agreed to lease 35,000 sf of space at the Tel-Twelve Mall shopping center in Southfield, completing the redevelopment of the 650,000-sf center by the Ramco-Gershenson Properties Trust.

Under the agreement, Michaels will occupy 24,000 sf and Pier 1 11,000 sf in the mall. The space occupied by the two retailers once accommodated a Montgomery Wards store. Wards went bankrupt and liquidated last year. Additionally, Ramco said an 11,000 sf outlot building is under way and substantially pre-leased.

Earlier this year, Ramco announced that Meijer, a grocery and discount department store, will replace closed 128,000-sf Kmart store with a new 195,000-sf store. These tenants join Lowe’s Home Improvement and DSW Shoe Warehouse as anchors for the shopping center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.