11 Oct Miller Investment Fund Adds A Property In Holland, Michigan
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The Miller Investment Fund is excited to announce the acquisition of a new retail property in Holland Michigan.
Located at 1148 Washington Ave. in Holland, this property includes a retail center, as well as a stand-alone restaurant, a land lease which totals 13,262 square feet. This property boasts well-established, long standing tenants, including Arby’s, Big Apple Bagels, Dollar Tree, and Uppercut Salon. This new property is situated in an area which is considered a shopper’s destination, sharing an expansive parking lot with the full-service Family Fare grocery store. This retail-heavy area attracts visitors from the Holland area, as well as the neighboring coastal City of Saugatuck.
“We are continuing growth and expansion using a thoughtful and systematic approach,” said Kurt Miller, Fund Principal and CEO of Miller Diversified. “Our team at the Miller Investment Fund has done an excellent job of identifying and acquiring a property that we are comfortable adding to the Fund, in spite of the economic instability and uncertainty created from the COVID-19 pandemic.”
“The Fund continues to seek high quality properties,” said Fund Principal Jerry Miller. “This is a great example of the type of property we will continue to seek out in order to strengthen and build our portfolio and provide the consistent returns to our investors.”
ABOUT THE MILLER INVESTMENT FUND
The Miller Investment Fund owns a diverse portfolio of investment properties. This open-ended real estate investment fund allows investors to contribute either capital or buildings in exchange for share units.
ABOUT THE HOLLAND, MICHIGAN MARKET
Holland, Michigan is located along the beautiful Western coast of the Great Lakes State, and is situated directly on the shores of Lake Macatawa. With an area population of 100,000+, Holland has a strong economy, rich in retail, healthcare, and manufacturing – home to industry giants Haworth Inc. and J.R. Automation Technologies, to name a few. While strong in manufacturing, Holland also thrives in the tourism industry and attracts attention with its Dutch culture and traditions. The annual spring Tulip Time Festival alone draws over a half million tourists per year.
Holland is home to the stunning Holland State Park, and is just a quick drive to the famous Saugatuck Dunes. Holland also reaps the benefits of being a close neighbor to the booming Grand Rapids, Michigan. With a secure retail presence, thriving industries, a lower-than-average unemployment rate, and a surplus of job growth, Holland is an ideal location for Miller’s newest acquisition.
“Holland really checked all the boxes,” said Vice President of Leasing & Acquisitions Ryan LaPointe. “Western Michigan in general has a strong, growing market.”
GROWTH DURING A PANDEMIC
The recent acquisition marks a huge win for the Miller Investment Fund team in the wake of the economic instability which resulted from COVID-19. The opportunity to acquire the building was presented earlier in the year, and the property successfully came under contract.
The addition of this property is particularly meaningful, because it represents the Miller Investment Fund’s commitment to seizing strong investment opportunities in an expanded geography, with the goal of optimizing for future returns.
UP NEXT FOR THE FUND
The Miller Investment Fund is focused on continued growth, seeking qualified investors and adding properties across an expanded geography. For more information about the Fund, or if you want to contact one of our team members, visit millerinvestmentfund.com.