CBRE COMPLETES SALE OF FORMER HOTEL FOR REDEVELOPMENT

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LANSING, MICH. — East Lansing-based CB Richard Ellis | Martin (CBRE) has completed the sale of a vacant, 34,800-square-foot Regent Inn hotel located at 6501 S. Cedar St. in Lansing. The property was acquired by NuUnion Credit Union, which plans to raze the 1.63-acre site and redevelop it into a branch location for the credit union. Jason Kildea of CBRE represented the seller, Wachovia SBA Lending. NuUnion was represented by Alliance Commercial. The acquisition price was not disclosed.

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