Agree Realty increases 2015 disposition forecast to $40M-$50M from $25M Agree Realty announced it has sold Ferris Commons, a 173,557 square foot shopping center located in Big Rapids, Michigan for $5.8M. Upon the sale of Ferris Commons, the company's annualized base rental income attributed to its four remaining shopping centers has been reduced from 6.3% to 4.7%. Portfolio occupancy has improved to 99.5%. The company has increased its 2015 disposition guidance to a range of $40M-$50M from $25M. Anticipated dispositions include both non-core shopping centers as well as select net lease assets. Including the sale of Ferris Commons, the company has disposed of approximately $15M year to date.