Southfield Plaza
Southfield, MI
Property Highlights
- 190,099 sf, 95.2% leased grocery anchored shopping center.
- ALDI has assumed Big Lots’ lease at the center. Anticipated opening early 2026.
- Outstanding value-add opportunity due to vacancy, low rental rates and sale of individual parcels.
- Excellent tenant mix – Grocery, Retail, Restaurant, Beauty, Fitness (shadow), and Medical.
- Property is experiencing strong leasing velocity with the addition of ALDI, Culinary Creations, Van Dykes and several lease extensions.
- Property is institutionally owned and operated.
- Pricing significantly below replacement cost.
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