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Bridge33 Capital has purchased Shops at CenterPoint, a 444,709-square-foot shopping center in Grand Rapids, Mich. The joint venture between DRA Advisors and Pine Tree sold the asset for $70 million, as reported by Crain’s Grand Rapids Business. Mid-America Real Estate Corp. represented the seller.

DRA and Pine Tree had acquired the property from an Apollo Global Management fund and Stonemar for $63.5 million in 2022, according to Commercial Real Estate Direct.