Restaurants set sights on Dexter shopping center
Food service companies are setting their sights on the Dexter Plaza shopping center at the corner of Dexter Ann Arbor Road and Ryan Drive.
The plaza, which is anchored by a Busch's grocery store, will get a new Subway sandwich shop after a franchisee for the national chain signed a lease to take over the space previously occupied by Arizona Tanning, which closed last year.
Laura Blodgett | For AnnArbor.com
Though the new tenant has agreed to the terms and conditions, a representative for Bloomfield Hills-based AF Jonna Development LLC, which acquired the plaza six months ago, would only say that it's a food service business.
“It will be very well received in the market, and it’s a good fit for the other tenants there,” said David Lord, director of leasing for AF Jonna Development.
The Subway franchise plans to file for building permits within the next couple of weeks but won't open for at least four months, Lord said.
With those deals done, the plaza only has 1,437 square feet available for leasing: the other half of the Wags to Whiskers space.
The Dexter Plaza is valuable retail space, Lord said.
“The strength of Busch’s is a tremendous asset. We want to be good neighbors to them and they are good neighbors to us," he said. Although Busch’s owns its own building, it shares an easement agreement — and the combined 65,141-square-foot shopping center is considered a cohesive development.
“Dexter is a great market, and we are excited and glad to be there,” said Lord. “We’ve found that it is not hard to lure tenants to the Dexter market.”
AF Jonna, which also owns the building at 1220 S. University in Ann Arbor, would like to acquire more commercial real estate in the Washtenaw County market.