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RGPT Gets Busy on 400,000-SF Center

GAINES TOWNSHIP, MI-Ramco-Gershenson Properties Trust has begun work on its 66th shopping center. Gaines Marketplace will be anchored by a 208,000-sf Meijer Superstore and will have a 124,000 sf Target store.

By Dan Heaton | Updated on June 24, 2004

GAINES TOWNSHIP, MI-A Detroit area REIT has begun work on developing a 400,000-sf retail center in suburban Grand Rapids. A 208,000-sf Meijer Superstore will anchor Ramco-Gershenson Properties Trust’s Gaines Marketplace project in Gaines Township.

A 124,000 sf Target is also planned for the center. Ramco-Gershenson is in negotiations with a number of national mid-box users who are interested in locating at the site and that is has signed a lease with the Applebee’s restaurant chain for an outlot location. Additional freestanding restaurants are also planned.

The bulk of the project is expected to be open for business by summer 2005.

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