Carnegie Companies is pleased to announce the sale of Grand Haven Shopping Center, in Grand Haven, MI. Carnegie has owned this strip center since 2019.  The property was acquired in a portfolio with the neighboring Beacon Square Shopping Center via a portfolio acquisition. Carnegie assumed the existing CMBS mortgage and has improved the property with both capex (new roof, parking lot, etc.), as well as improved tenancy lease terms, all the while maintaining 100% occupancy. The sale will yield accretive returns to Carnegie and its investors despite selling in a tougher lending and interest rate environment.