Octave Holdings & Investments Expands Midwest Footprint With $41,500,000 Lakeshore Marketplace Acquisition

ALPHARETTA, GA, UNITED STATES, October 8, 2026 /EINPresswire.com/ -- Octave Holdings & Investments, LLC (Octave) has expanded its presence in Michigan with the acquisition of Lakeshore Marketplace in Norton Shores, marking its fourth acquisition in the state. The acquisition was completed as a joint venture with Peachtree Partners and also utilized the proceeds of two 1031 exchanges from the disposition of Rivermont Square and Sugarcreek Plaza, earlier this year.

Lakeshore Marketplace, a 349,332-square-foot regional shopping center, is anchored by a best-in-class lineup of national tenants including TJ Maxx, HomeGoods, Sierra, Hobby Lobby, Burlington, Old Navy, Five Below, Petco, Dollar Tree, Dunham's Sports, Barnes & Noble, and shadow-anchored by Target. Lakeshore is the dominant shopping center within the thriving Norton Shores submarket, which includes national tenants such as Costco, Lowe's, Menards, Meijer, ALDI, Dick's Sporting Goods, Best Buy, Kohl's, Ulta, and PetSmart.

The property is located on 40.92 acres and is strategically positioned at the northeast quadrant of U.S. Route 31 and East Sternberg Road in Norton Shores, Michigan, within the Grand Rapids–Muskegon MSA. The center benefits from direct access to the U.S. Route 31 interchange, a major regional thoroughfare with approximately 45,000 vehicles passing daily. Its location provides convenient access to a population of more than 179,000 residents within a 10-mile radius, while Muskegon County Airport is just two miles west of the property

“Lakeshore is an exciting acquisition for us as we continue to grow our presence in the Midwest,” said Scott Henard, EVP & Director of Transactions at Octave Holdings & Investments. “With the newly completed Sierra lease, the center is now anchored by three TJX tenants along with a handful of other leading national tenants and is very well positioned as the dominant center in the submarket.”

Zia Rahman, Partner & Chief Strategy Officer at Octave Holdings & Investments, commented, "We are thrilled to add another dominant center to our portfolio. We continue to look for opportunities to acquire high-quality, necessity-anchored and necessity-shadow-anchored centers that meet our disciplined investment criteria. This acquisition reinforces our strategy of building a diversified portfolio of resilient, income-producing properties and our thesis of investing in essential, necessity-based real estate that remains resilient across economic cycles."

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About Octave Holdings & Investments
Octave Holdings and Investments, LLC is a privately held real estate investment company that owns, operates, and manages a portfolio of over 50 commercial real estate assets in fifteen states valued at over $1Billion. Its mission is to empower individuals and institutions to achieve financial freedom through strategic investments in tangible commercial real estate assets. Octave is dedicated to creating sustainable passive income streams while fostering transparency and trust. Its innovative platform is designed to provide clear insights and seamless management of your investments, ensuring that our clients can confidently navigate their financial journeys.

Sidrah Nadeem
Octave Holdings & Investments
+1 929-490-3435