Grandbridge Secures $43 Million Financing for Retail Center in Suburban Detroit

Waterside Marketplace spans 291,231 square feet. Waterside Marketplace spans 291,231 square feet.

Chesterfield, Mich. — Grandbridge Real Estate Capital has secured a $43 million first mortgage loan for Waterside Marketplace, a 291,231-square-foot retail center in Chesterfield, located 25 miles north of downtown Detroit.

Gerry Robbins of Grandbridge secured the financing, which features a three-year term and 25-year amortization schedule, on behalf of the undisclosed borrower. Waterside Market anchors include Dick’s Sporting Goods, Best Buy, T.J. Maxx, Bed Bath & Beyond, Ulta Beauty, Jo Ann Fabrics, Old Navy, DSW, Five Below, Party City, JC Penney and Lowe’s Home Improvement.

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