DealPoint Merrill Announces the Acquisition of a Kroger Shopping Center, a 69,275 Square Foot Building on 7 Acres in Sterling Heights, Michigan

WOODLAND HILLS, Calif., Oct. 13, 2020 /PRNewswire/ — DealPoint Merrill, LLC, an owner and operator of value-added real estate opportunities and sponsor of real estate investment offerings, acquired a 69,275 square foot former Kroger Shopping Center on 7 acres located in the retail corridor of Sterling Heights, Michigan.

The property is in a growing community on the corner of Dequindre Rd. and 18 Mile Rd. with excellent visibility and adjacent to major national retail chains, with co-anchors McDonald’s and Mobile gas station and across the street from the newly relocated Super Kroger grocery. DealPoint Merrill plans to redevelop the property into a new 138,000 square-foot development. 

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence and financing of the purchase.  Jason Limbert, Director of acquisitions, and Tyler Bendicksen, head of investment underwriting, participated in the DealPoint’

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Retailers are desperate to kick off holiday shopping early this year, and brands like Ulta, Kroger, and Guess are turning to a new shopping event to get consumers out to shop



text, whiteboard: Ulta is one of the retailers participating in the 10.10 Shopping Festival. Peter Larsen/Getty Images for ULTA Beauty


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Ulta is one of the retailers participating in the 10.10 Shopping Festival. Peter Larsen/Getty Images for ULTA Beauty

  • Ulta, Kroger, and Guess are among the retailers offering deals this upcoming weekend as part of the 10.10 Shopping Festival. 
  • The goal of the new event is to entice shoppers to start their holiday gift-buying earlier than usual. 
  • In a year marred by the coronavirus pandemic, retailers are concerned a logistical nightmare could ensue if too many people leave their holiday shopping until the last minute.
  • Visit Business Insider’s homepage for more stories.

A group of retailers are signing up for a shopping event that hopes to save a holiday season unlike any before. 

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Ulta, Kroger, and Guess are among the stores that will be offering deals as part of the new 10.10 Shopping Festival, which runs from October 9 to October 12. The name

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