Michigan Commercial Property Acquired by Real Estate Company

BOISE , Idaho, Oct. 26 /PRNewswire/ — DDRS is pleased to announce the purchase of an approximately 41,622-square-foot retail center located in the heart of Shelby Township, one of Michigan’s fastest growing areas. Built in 2005-2006, Lifestyle Center enjoys tremendous positioning in the city’s main retail corridor and is situated in the thriving Shelby Township with an average household income of more than $79,500 within a three-mile radius.

Nearby, there are a number of new condominiums being constructed, as well as a large live-work development to the west of the property. Also in the near distance are a substantial number of high-income housing subdivisions. Lifestyle Center is located at 45835-45883 and 45905-45983 Hayes Road, Shelby Township, MI 48315.

DDRS is a nationwide buyer of investment-grade commercial properties. Over the last three years, the company has acquired approximately 200 properties valued at over $2 billion . The primary focus of DDRS is on well-positioned, intrinsic-valued real estate opportunities such as retail, office, flex, industrial, and multifamily real estate opportunities. DDRS has three regional acquisition offices located in Atlanta , Boise , and Chicago . For more information, contact Vic Moore in the Atlanta office at 770-841-0001, Bill Fremgen in Boise at 208-489-2600, or Matt Blauvelt in Chicago at 312-212-4456. Information is also available by visiting http://www.ddrs.net .

SOURCE DDRS

© 2007 PR Newswire. All Rights Reserved.