Locally-based national retail investment firm bets on Northville

Lormax Stern Development Co., based in W. Bloomfield and Farmington Hills-based Grand Sakwa Properties, Inc. joined to form the Equity Alliance Fund. The team is investing $400 million in retail centers across the country, including Benton Corner in Northville Twp.

Excerpt:

Construction has already begun on Benton Corner and will include a CVS drug store, a Huntington Bank, a grocery store, a restaurant and small retail outlets.

The 65,000-square-foot shopping center is scheduled for completion in 2008.

Read the entire article here.


Enjoy this story? Sign up for free solutions-based reporting in your inbox each week.