Press Releases
Marcus & Millichap Brokers $4.1M Sale of 10-Suite Retail Property in Portage, Michigan
June 30, 2025
PORTAGE, Mich., June 30, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Centre Square, a two-building retail property in Portage, Michigan for $4.1 million.
“We received multiple offers on Centre Square, which ultimately closed in an all-cash transaction just 41 days after going under contract,” said Seth Haron, managing director investments. “The strong interest reflects the property’s diverse tenant mix, desirable suite sizes and below-market rents, all of which position it for long-term success. Portage remains an attractive and growing market with limited retail vacancy, especially for well-located neighborhood centers like this one.”
Haron, Darin Gross and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of a local, private seller.
Centre Square Retail Center is located at 7894 Oakland Drive and totals 18,745 square feet. The 10 suites are fully leased to a mix of service, restaurant and medical tenants. The property sits at a signalized intersection with high daily traffic counts and offers direct access to U.S. Route 131. Nearby national retailers include Walmart, Target and Meijer.
“We received multiple offers on Centre Square, which ultimately closed in an all-cash transaction just 41 days after going under contract,” said Seth Haron, managing director investments. “The strong interest reflects the property’s diverse tenant mix, desirable suite sizes and below-market rents, all of which position it for long-term success. Portage remains an attractive and growing market with limited retail vacancy, especially for well-located neighborhood centers like this one.”
Haron, Darin Gross and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of a local, private seller.
Centre Square Retail Center is located at 7894 Oakland Drive and totals 18,745 square feet. The 10 suites are fully leased to a mix of service, restaurant and medical tenants. The property sits at a signalized intersection with high daily traffic counts and offers direct access to U.S. Route 131. Nearby national retailers include Walmart, Target and Meijer.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
