Acquisition Date: December 2019. Disposition Date: June 2023

Sherman Center is a 100,651 square foot regional shopping center located in Muskegon, Michigan. The center is currently 100% leased and is occupied by strong national tenants, including anchor stores such as Big Lots, PetSmart, Harbor Freight Tools and Panera Bread. The property is located on Sherman Boulevard (25,000+ VPD) immediately east of the interchange with Highway 31, and across from a Walmart Supercenter and Sam’s Club. Additional retailers within the area include Lowe’s Home Improvement, ABC Warehouse, Dollar Tree, Staples and Goodwill, among others..

Sherman Center is in the city of Muskegon, a well-located city in Michigan’s western region. Muskegon is in close proximity to Grand Rapids and approximately three hours from Chicago and Detroit. Sherman Center is situated in an area with strong tourism trade, attracting more than 1.3 million tourists annually. In addition to the growing trade area, the city is projected to grow to 102,881 residents by 2023.