Rockford Construction Affiliate Acquires Self Storage Downtown GR in Grand Rapids, MI

An affiliate of construction, development and property-management firm Rockford Construction Co. Inc. has acquired a mixed-use development in Grand Rapids, Mich., that includes Self Storage Downtown GR. 7th Street Lofts at the corner of 7th Street and Seward Avenue N.W. also includes 26 apartments and commercial space, according to the source.

An affiliate of construction, development and property-management firm Rockford Construction Co. Inc. has acquired a mixed-use development in Grand Rapids, Mich., that includes Self Storage Downtown GR. 7th Street Lofts at the corner of 7th Street and Seward Avenue N.W. also includes 26 apartments and commercial space, according to the source.

The self-storage facility at 769 Seward Ave. N.W. offers interior climate-controlled units, an indoor loading bay and 24-hour access, according to the property website.

Rockford Construction purchased the development after John Wheeler and Gary Postma, executives with Grand Rapids-based Orion Real Estate Solutions LLC, divested their minority stake in the project, the source reported.

“The purchase provided an opportunity to continue to invest in an area of the neighborhood that successfully supports mixed-use buildings on a key corridor,” Mike Mraz, managing partner for Rockford Construction, told the source.

Rockford Construction has been actively acquiring and developing commercial property on the west side of Grand Rapids, near its company headquarters, according to the source. Founded in 1987, the company is licensed in 44 states and has regional offices in the Midwest and Southeast.

Sources:

TAGS: Mixed Use News
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