Firm brokers shopping center sale
A shopping center in the area has been sold.
Glen Valley Center in Caledonia, at 9175 Cherry Valley Ave. SE, changed hands on June 29, according to Colliers West Michigan today.
The 35,775-square-foot shopping center has been managed by Colliers West Michigan and will continue to be managed by the firm.
Mike Visser, an investment services associate at the firm, arranged the sale of the property.
Visser said the firm has "worked closely" with Glen Valley Center over the last five years, providing property management, leasing and investment services.
He added that the firm looks forward to "continued work in maximizing the value" of the property.
The center was built in 1996 and sits along M-37.
The center is 80 percent leased, with tenants including Greenridge Realty, Hallmark, Contempo Salon, Little Caesars and Subway.
“Caledonia is experiencing impressive growth, and the Glen Valley Center plays a vital role in attracting businesses to this area,” said Mark Ansara, who, along with Visser, has worked with the shopping center since 2011.
“We are excited to bring in more new businesses to the shopping center and take part in the future development of Caledonia’s retail sector.”