Tenants include Tuesday Morning, Enterprise Car Rental and Cookies by Design. Regional tenants include Family Buggy Restaurant and Healthquest Physical Therapy. NAI Farbman will lease the remaining space.
"We're thrilled to be able to enter this market," says managing principal Andrew Hochberg. "Rochester Hills is among the most affluent communities in metropolitan Detroit. The potential upside for this acquisition is huge, given that it¹s a high growth area with very strong retail trade."
Hochberg says Next Realty plans to make numerous aesthetic upgrades to continue to enhance the plaza's curb appeal as well as its tenant base.
Next Realty LLC, with headquarters in Chicago and an additional office in Washington, DC, is a real estate investment company specializing in acquisition of real estate and parking structures.
Next Realty's principals own and manage a portfolio of properties valued in excess of $150 million, have developed more than 23 million sf of land and repositioned more than $200 million in real estate assets.
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