Real Estate
Walgreens Building in Clinton Township Sells for $5.4 Million
Located on the southwest corner of Groesbeck and 15 Mile, the real estate was purchased by a New York City-based investment firm.
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A New York City-based company has made a $5.4 million investment in Clinton Township, according to CoStar Group, a commercial real estate information company.
While the exact date of the transaction is unknown, AR Capital, a New York City-based investment firm, is reported to have recently purchased the Walgreens building at 34899 Groesbeck for roughly $359 per square foot, CoStar Group reports.
The 15,189-square-foot building was previously owned by R Michigan Properties LLC, according to CoStar Group. It was built in 2002 and is currently home to Walgreens.
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AR Capital's plans for the property are unknown.
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