Poag Development Group announced today its acquisition of RiverTown Crossings, an 1,267,272-square-foot enclosed mall in Grandville, Mich. Poag Development Group CEO, Josh Poag, made the announcement.
“We always start with location, and in this case, we love the site in Grandville and its strong position within the greater Grand Rapids area,” said Poag. “This property has so much potential for redevelopment given its great location and proximity to rooftops. We are energized about the opportunity to deploy our redevelopment expertise to reimagine the property, both inside and outside, and its role in the greater Kent County area.”
RiverTown Crossings is a two-story enclosed super regional shopping mall with five anchors including Macy’s, Kohl’s, JCPenney, Celebration Cinemas and Dick’s Sporting Goods.
Poag aims to revitalize the mall through redevelopment by adding new uses and activating underutilized parking fields. The Memphis-based developer will work with JLL, its strategic management and leasing partner, to maximize the potential of the property.
The retail developer adds RiverTown Crossings to its portfolio on the heels of its acquisition of Oak Court Mall, an 800,000-square-foot enclosed mall currently undergoing redevelopment planning in Memphis, Tenn.
About Poag Development Group
Over three decades ago, Dan Poag with then business partner Terry McEwen founded the predecessor to today’s Poag Development Group and coined the term “lifestyle center” to describe what is now the most in-demand retail real estate design. From subtle design elements to carefully crafted tenant mixes, Poag’s signature ability to translate small details into big experiences creates spaces and places that resonate with comfort, convenience and connectivity. Poag centers are true community environments, destinations packed with the brands you know, and animated with immersive elements that make them memorable and inviting. | poagdevelopmentgroup.com
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. | jll.com.
