

Lutz Real Estate Investment's foray into the retail market segment was originally as a build-to-suit developer. Singled-out as a Midwest regional developer for Kmart and later Pearle Vision Centers, Lutz Real Estate Investments built upon these relationships in order to facilitate the expansion of its portfolio into other growth markets. The company's involvement in retail has included the acquisition of existing shopping centers that were enhanced by making strategic capital upgrades and improving the tenant mix. More recently, Lutz Real Estate Investments joint ventured with a nationally recognized retail developer to form RetailWorks, a retail development company that focused on constructing 10,000 to 15,000 square foot multi-tenanted retail centers.

Pearle Vision® Centers
Eight Buildings Suburban
Detroit, MI
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Bradford Plaza Shopping Center
Philadelphia, PA
142,000 Sq. Ft.
summary »

RetailWorks - The Crossing
Auburn Hills, MI
14,750 Sq. Ft.

Evergreen Plaza Shopping Center
Southfield, MI
115,000 Sq. Ft.

RetailWorks - Mill River Marketplace
Macomb, MI
11,440 Sq. Ft.

Ann Arbor Autobahn Center
Ann Arbor, MI
15,000 Sq. Ft.
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Springwells Park
Dearborn, MI
24,000 Sq. Ft.
summary »

Kmart® Shopping Center
Six Shopping Centers
825,000 Sq. Ft.
• East K Mall: Kalamazoo, MI
125,000 Sq. Ft.
• West K Mall: Kalamazoo, MI
150,000 Sq. Ft.
• Kmart Plaza: Kalamazoo, MI
75,000 Sq. Ft.
• Cherryland Kmart Mall:
Traverse City, MI
175,000 Sq. Ft.
• Lakewood Kmart Shopping
Center: Ypsilanti, MI
175,000 Sq. Ft.
• Farmington Kmart Shopping Center: Farmington, MI
125,000 Sq. Ft.

300 S. Main Street
Royal Oak, MI
10,000 Sq. Ft.

Waterford Market Square
Waterford, MI
14,000 Sq. Ft.

Waterford Market Square II
Waterford, MI
14,500 Sq. Ft.

Bradford Plaza Shopping Center: 700 Downington Pike Philadelphia, Pennsylvania 19380

Upon Lutz's acquisition in 2001, Bradford Plaza Shopping Center was an outdated 123,000 square foot neighborhood shopping center with excess land located in West Chester-an affluent suburb of Philadelphia. Beginning in 2004, Bradford Plaza began a transformation that included two years of negotiations and 12 months of a $15+ million construction project. These improvements are the primary result of a long-term lease with a new anchor tenant, Giant Food Stores, which replaced an antiquated 43,500 square foot grocery store with a state-of-the-art 69,650 square foot one-stop shopping experience.
In conjunction with Giant Food Stores opening, the smaller tenant storefront faces were renovated in an effort to cohesively blend with Giant's proto-type storefront and give the entire shopping center a fresh, contemporary look. After expanding the property to 142,000 sq. ft., renovating the facades and re-tenanting, Lutz sold the property in April 2007 to a fund advised by Urdang & Associates.

Springwells Park: Dearborn, Michigan

Lutz Real Estate Investments acquired a landmark apartment community and adjacent retail complex in Dearborn, MI. The property, Springwells Park, originally built by Henry and Edsel Ford, was one of the first planned urban developments in the nation consisting of apartments, townhouses, single-family homes and a retail center. Upon acquisition, the property was beginning to fall into disrepair due to neglect by prior ownership.
Lutz updated and restored the development to today's upscale standards, which included updating electrical systems, installing air conditioning, renovating the exterior facades and landscaping as well as refurbishing the Club House. For its efforts, Lutz received numerous accolades which required a delicate combination of construction expertise and imagination.
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