LOCATION: Grand Haven, MI
TYPE: Regional Shopping Center
Grand Haven Shopping Center is a neighborhood shopping center with strong national tenants including Starbucks, Dollar Tree, Advance Auto Parts, Verizon, Great Clips, and O’Reilly Auto. The multi-tant retail center is in a highly desirable location, shadow-anchored by Home Depot in well-known Michigan resort town with high income trade area. Grand Haven has a service-oriented tenancy with minimal online shopping competitive risk. The shopping center is a primary retail hub in Grand Haven. While population is dense, the area explodes in spring and summer with tourists who flock to the trade area.
Kaulig Capital was introduced to Carnegie Companies and the Grand Haven opportunity through the partnership with Ron and Chip Weinberg at Weinberg Capital. Kaulig Capital invested in Grand Haven Shopping Center in 2019.