Carnegie Companies is proud to announce the acquisition of Dexter Crossing in Dexter, MI. Dexter Crossing is a multi-tenant retail neighborhood center with a quality tenant roster, including healthcare, pet grooming/veterinary services, restaurants, and discount retailers. Dexter Crossing has excellent frontage and access to the main corridor connecting Dexter to Ann Arbor (Dexter Ann Arbor Rd). At 80% occupied, Dexter Crossing offers a secure in-place yield, with plenty of upside from lease-up of existing vacancy. The property also includes 2 outparcels for development or sale. The acquisition of Dexter Crossing served as a 1031 replacement property for 2 recent grocery anchored sales in Colorado.
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