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Michigan shopping center sells for $13 million

Grand Rapids retail property was 98% leased at time of sale
Cascade East Shopping Center in Grand Rapids, Michigan, sold for $13 million with a capitalization rate of 7.64%. (CoStar)
Cascade East Shopping Center in Grand Rapids, Michigan, sold for $13 million with a capitalization rate of 7.64%. (CoStar)
By Alex Collie with
CoStar Research
January 30, 2026 | 6:21 P.M.

Batal Real Estate purchased Cascade East Shopping Center in Grand Rapids, Michigan, for $13 million, or about $130 per square foot, from Brixmor Property Group.

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