Press - Lormax Stern

New Tenant Announcement: Burlington at Quivira 95 Shops

Lormax Stern — Thu, 08 Jan 2026 14:51:17 +0000

Lormax Stern is proud to announce another new tenant signing of Burlington at our Quivira 95 Shops shopping center in Lenexa, KS.

Replacing a former Petco, this deal marks another key anchored tenant in a prosperous high demand market. Burlington joins DSW, Ulta, Ross, Ollie’s, Hobby Lobby and many more national retailers. The shopping center now only has small shop spaces for lease see here for more info: Quivira 95 Shops

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Daniel and Chris on The Denise Ilitch Show

Lormax Stern — Wed, 03 Dec 2025 18:38:10 +0000

Daniel Stern and Chris Brochert were recently featured on The Denise Ilitch Show showcasing how they have made their successful partnership work for over 33 years. Listen to the whole story here: https://deniseilitchshow.libsyn.com/business-partnerships-and-marriage-parallels-enduring-motown-legacy

Denise sits down with Daniel Stern and Christopher Brochert, co-founders of Lormax Stern Development—a nationally recognized, award-winning real estate firm known for its innovative shopping centers and contemporary approach. Together, they discuss why a successful partnership is much like a marriage: it requires trust, aligned values, shared decision-making, and mutual respect. Daniel and Christopher share their journey, the importance of education and mentorship in business, and offer invaluable advice for aspiring entrepreneurs—emphasizing that people are your greatest assets and that patience is key to long-term success.

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Welcoming Barnes & Noble at Knapp’s Crossing

Lormax Stern — Thu, 28 Aug 2025 14:01:58 +0000

Lormax Stern is proud to announce another grand opening of Barnes & Noble at The Village at Knapp’s Crossing shopping center in Grand Rapids, MI.

Anchoring our 3rd and final phase of the development along with Goldfish Swim School, Acapulco Mexican Grill, Yoga Six, and The Joint Chiropractic. This fantastic lineup of tenants is an excellent addition to the shopping center and the local community. The shopping center is now fully leased.

https://www.mlive.com/news/grand-rapids/2025/03/barnes-noble-sets-opening-date-for-new-grand-rapids-area-store.html

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Barnes & Noble to Open New Location at Frandor Shopping Center

Lormax Stern — Fri, 13 Jun 2025 13:24:59 +0000

Barnes & Noble Opening at Frandor Shopping Center

Lormax Stern is pleased to announce the addition of Barnes & Noble to Frandor Shopping Center in Lansing, Michigan.

The new bookstore marks an exciting expansion of the iconic brand to the area and reflects our continued commitment to attracting best-in-class retailers to our properties. Barnes & Noble will offer a full-service bookstore experience with an expansive selection of books, games, gifts, and a welcoming in-store environment for readers of all ages.

Frandor Shopping Center remains one of the region’s most established retail destinations, and the addition of Barnes & Noble further enhances the center’s appeal for shoppers seeking national brands alongside local favorites.

We look forward to welcoming the community into this new space later this year.

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Acquisition of Kensington Valley Outlets in Howell, Michigan

Lormax Stern — Fri, 02 May 2025 19:43:54 +0000

Lormax Stern and Time Equities Inc. Acquire Kensington Valley Outlets in Howell, Michigan

The 314,438-Square-Foot Outlet Center Marks the Fourth Joint Venture Between the Two Firms

HOWELL, MICHIGAN – MAY 2, 2025 – Lormax Stern and Time Equities, Inc. (TEI),  a New York City-based international full-service real estate firm, have jointly acquired an outlet center in Howell, Michigan. Formerly known as Tanger Outlets Howell, the center has been rebranded as Kensington Valley Outlets.

“This marks our fourth joint venture with Lormax Stern, a partnership built on shared expertise and a strong track record of success,” said Ami Ziff, Director of National Retail at TEI. “We’re aligned in our approach to activating and repositioning retail assets, and we look forward to working together once again to unlock the potential of Kensington Valley Outlets.”

Built in 1996, the Kensington Valley Outlets is home to a mix of national brands including

Old Navy

Nike Factory Store

Columbia

Banana Republic

Polo Ralph Lauren Factory Store

Famous Footwear

Eddie Bauer

The outlet center is strategically located along the I-96 corridor between Detroit and Lansing, MI with 1.3 million customer visits in the last 12 months. Kensington Valley Outlets is easily accessible from four of the five Metropolitan Statistical Areas (MSA) in the state, with a combined population of 5.65 million and key drive markets including Detroit, Ann Arbor and Flint.

“Seeing the exciting developments underway in Howell reinforces our belief in the market’s long-term potential,” Ziff added. “Our investment reflects a broader commitment to placemaking and creating lasting value for the community.”

TEI was represented by Ziff, Jonathan Kim, Grant Scott, and Eli Smith, while Lormax Stern was represented by Andrew Bell, Matt Drozd, Sam Pietsch, and Mark Franchini. The seller was represented by Mark E. Strauss, Senior Managing Director of Investments at Institutional Property Advisors.

About Lormax Stern Development Company, LLC

Lormax Stern Development Company, LLC is a fully integrated commercial real estate firm specializing in the acquisition, development and operational oversight of anchored real estate properties across the continental U.S. Lormax Stern is a value-centric investor, specializing in real estate investments where value is created through superior market knowledge, asset expertise, detailed analysis, project specific business plans and methodical execution as an experienced investment sponsor. Lormax Stern provides expert-level oversight to each component of the investment process, including an in-house acquisition and development team, leasing specialists, property and asset managers and legal counsel. For more information: https://www.lormaxstern.com/

About Time Equities Inc.    

Founded in 1966, Time Equities, Inc. (“TEI”) is a diversified investment, development, asset and property management, licensed real estate brokerage, and alternative energy company that has been in business for more than 58 years. The TEI portfolio includes approximately 43 million square feet of residential, industrial, office and retail property including about 6,000 multi-family apartment units, approximately 900,000 square feet in pending acquisitions, and 2 million square feet of various property types in stages of pre-development and development. With 329 properties across 37 states, five Canadian provinces, Anguilla, Germany, Italy, and the Netherlands, the TEI portfolio benefits from a diversity of asset types including non-performing loans, B-notes, and alternative energy investments. TEI has a variety of market concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated. For more information: www.timeequities.com

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Press Contacts

Time Equities: TEI@quinn.pr

Lormax Stern: dford@lormaxstern.com

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Just Sold: Lakeside Circle – Sterling Heights, MI

Lormax Stern — Mon, 28 Apr 2025 13:45:55 +0000

April 28th, 2025

Just Closed!

Lormax Stern Development Company is thrilled to share the successful closing on the sale of Lakeside Circle in Sterling Heights, MI!

From contract execution to close in less than 20 days!

This property has been a standout asset — well positioned in high traffic retail sector and anchored by one of the top performing Total Wine & More locations in the state. The successful sale is a testament to the strength of the center, the vibrancy of the market, and the hard work of our team.

A big thank you to our partners, brokers, and everyone involved in making this a smooth and rewarding transaction.

Andrew Bell of Lormax Stern and Eric Birnholtz of Mid-America, were the exclusive listing brokers on the transaction on behalf of Lormax Stern in Bloomfield Hills, MI.

For more information, contact:
Andrew Bell | abell@lormaxstern.com | 248-530-9418

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Barnes & Noble and Boot Barn Additions

Lormax Stern — Mon, 21 Apr 2025 18:42:04 +0000

Lormax Stern Welcomes Boot Barn and Barnes & Noble to Its Expanding Retail Portfolio
April 21, 2025 – Bloomfield Hills, MI

Lormax Stern is proud to announce two exciting additions to its portfolio of premier retail centers: Boot Barn at Independence Marketplace in Allen Park, MI and Barnes & Noble at Frandor Shopping Center in Lansing, MI.

Boot Barn, the nation’s largest western and work wear retailer, will open at Independence Marketplace, joining a strong lineup of national brands including Petco, Guitar Center, and Lowe’s. The new location offers a wide selection of boots, apparel, and accessories catering to both lifestyle and workwear needs, serving the growing demand in the region.

Meanwhile, Barnes & Noble, the country’s most recognized bookseller, will open at Frandor Shopping Center in Lansing. The addition marks a meaningful evolution in the center’s tenant mix, reinforcing its position as a vibrant community destination. The new store will offer an updated layout, curated book selections, and a welcoming café experience, aligning with Barnes & Noble’s new concept stores rolling out nationwide.

Lormax Stern continues to invest in best-in-class tenants that energize the shopping experience and serve the evolving needs of communities across Michigan and beyond.

About Lormax Stern
Lormax Stern is a nationally recognized real estate investment and development firm specializing in the acquisition, redevelopment, and management of high-performing retail properties. With millions of square feet under ownership and development, the company is committed to creating dynamic, community-driven shopping destinations.

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Macy’s Traverse City – Lormax Stern Portfolio Addition

Lormax Stern — Mon, 21 Oct 2024 14:30:07 +0000

Press Release | October 21, 2024

Lormax Stern Expands Northern Michigan Portfolio with Acquisition of Macy’s in Traverse City

Lormax Stern is pleased to announce the acquisition of the Macy’s location in Traverse City, MI at the Grand Traverse Mall, further expanding its presence in northern Michigan. This transaction was a sale leaseback and the store will continue to remain open and operate until early 2025. This acquisition follows the company’s recent purchase of T & R Yamaha in East Jordan now called KAM Powersports, reinforcing Lormax Stern’s commitment to strategic growth in this key region.

A Strategic Expansion

The Macy’s property adds to Lormax Stern’s diverse portfolio in Northern Michigan with the Northport Boat Yard and the Bay Mall in Petoskey. The acquisition underscores the company’s focus on growth in high-growth markets, offering new opportunities for retail and commercial engagement in the Traverse City area.

Building on Recent Success

“This acquisition aligns with our broader strategy to invest in thriving communities like Traverse City,” said Daniel Stern. “Following our recent acquisition of KAM Powersports, and our improvements made to the Northport Bay Boat Yard, this latest addition marks a significant step forward in our ongoing efforts to strengthen our holdings in northern Michigan.”

About Lormax Stern

Lormax Stern Development Company is a fully integrated commercial real estate firm specializing in the acquisition, development, and operational oversight of Commercial Properties throughout the United States. Lormax Stern is a value-centric investor, specializing in assets where value is created through superior market knowledge, asset expertise, detailed analysis, project specific business plans and methodical execution as an experienced investment sponsor. As a fully integrated Commercial Real Estate Firm, Lormax Stern provides expert-level oversight to each component of the investment process, including an in-house acquisition and development team, leasing specialists, property and asset managers, and construction.

Our principals have supervised the acquisition and development of more than 60 large scale commercial properties across the country, with an aggregate GLA exceeding 30 million square feet.

Lormax Stern’s experienced team repeatedly demonstrates capacity and vision as an active purchaser of commercial sites and existing properties for long-term value creation.

For more information, please contact:
Drew Ford
Marketing Director
(248) 737-7110
dford@lormaxstern.com

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Jackson Development Press Release

Lormax Stern — Tue, 03 Sep 2024 13:52:48 +0000

JUST ACQUIRED DEVELOPMENT PARCEL

Lormax Stern acquired a 3.33-acre parcel of land in Jackson, MI. This prime piece of real estate marks a significant milestone in our ongoing efforts to bring vibrant commercial developments to the region.

A portion of this property is already pre-leased to Chick-fil-A, one of the most sought-after restaurants in the country right now. We’re looking forward to the impact this development will have on this already thriving corridor.

This acquisition was a true team effort, with Mid-America Real Estate – Michigan, Inc. representing Lormax Stern as the buyer and landlord, while Keystone Commercial Real Estate worked diligently on behalf of Chick-fil-A. The City of Jackson was also instrumental in facilitating this deal, and we appreciate their partnership in making this vision a reality.

We’re eager to get started on this project and continue our commitment to developing properties that enhance communities across Michigan.

Stay tuned for more updates as we move forward!

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Knapp’s Crossing MLive.com

Lormax Stern — Thu, 22 Aug 2024 15:43:11 +0000

https://www.mlive.com/news/grand-rapids/2024/08/whats-being-built-on-east-beltline-it-will-have-lots-of-books-and-mexican-food.html

What’s being built on East Beltline? It will have lots of books — and Mexican food

Updated: Aug. 21, 2024, 11:08 p.m.
Published: Aug. 21, 2024, 2:54 p.m.

A one-story, 15,000-square-foot Barnes & Noble bookstore is under construction at Knapp’s Crossing in Grand Rapids. (Brian McVicar|MLive.com)Courtesy

Brian McVicar | bmcvicar@mlive.com

GRAND RAPIDS, MI — Work is underway on a new commercial building at The Village at Knapp’s Crossing retail development on East Beltline Avenue NE that will bring a Barnes & Noble bookstore and several other businesses to the area.

In addition to the bookstore, the building will house a Goldfish Swim School, a Yoga Six studio, and an Acapulco Mexican Grill.

Construction at the site, just north of the intersection of East Beltline Avenue NE and Knapp Street NE, kicked off earlier this year, and the building is expected to open in mid-2025, said Drew Ford, leasing and marketing coordinator for Lormax Stern, a metro Detroit commercial real estate firm that owns The Village at Knapp’s Crossing.

“Knapp’s Crossing is an excellent location for this tenant line up due to some of the strongest demographics and sales volumes in the Grand Rapids area,” Ford said.

The Village at Knapp’s Crossing is home to 34 businesses, including a D&W Fresh Market, T.J. Maxx, Old Navy, P.F. Chang’s, Mattress Firm, Ultra Beauty and more.

Once open, the new Barnes & Noble store will be the third in the Grand Rapids area. The other two are located at Woodland Mall in Kentwood and RiverTown Crossings in Grandville.

There is one vacant spot left to be filled in the new building that will house the Barnes & Noble and other businesses, according to a site plan provided by Ford.

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