NOVI, ROYAL OAK, STERLING HEIGHTS AND ALLEN PARK, MICH. — Keystone Commercial Real Estate has negotiated four leases for Dental One Partners in Michigan. Dental One is locating to visible street-front locations in Novi, Royal Oak, Sterling Heights and Allen Park. The dental chain, based in Dallas, operates over 160 practices in 13 states and plans to continue to expand throughout Michigan. Greg Newman of Keystone arranged the leases on behalf of Dental One.
DETROIT — The Kresge Foundation has administered grants totaling $2 million to 17 nonprofits for projects to revitalize neighborhoods across Detroit. This final round of grants in the pilot program, known as Kresge Innovative Projects: Detroit, brings the foundation’s grant total to $5 million over the past three years. The new grants will fund, for example, the creation of a new community hub on Grand River Avenue in the Grandmont Rosedale neighborhood and conversion of a blighted five-block stretch of the Morningside neighborhood into an agricultural greenway. The grants support renovation of an abandoned duplex into an art center in central Detroit and a southwest Detroit program to promote the conversion of vacant second floors of commercial buildings into residential spaces. In addition to the creation of community gathering spots, green spaces and conversion of abandoned properties to new uses, the initiative seeks to make neighborhood streets and sidewalks more walkable. Kresge’s support for these shovel-ready projects ranges from $75,000 to $150,000 each. The latest grants were chosen from nearly 70 applications.
TROY, MICH. — Colliers International will handle leasing at The Centennial, a prominent office property in the Troy skyline. The 306,000-square-foot, 15-story building is located at 100 E. Big Beaver Road. The ownership has made numerous upgrades to the building systems and elevators, and has initiated a multimillion-dollar upgrade of the common areas. Amenities include a new conference center, building deli, tenant lounge, and co-working facility. The common area amenities will be available for tenants of the building as well as to rent for members of the community. Tenant spaces available for lease range from 2,500 to 175,000 square feet. Gary Grochowski and Bryan Barnas of Colliers will oversee the leasing.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has assisted The Ruse Escape Rooms in securing a 3,446 square-feet retail location in downtown Grand Rapids. Escape rooms are a form of interactive entertainment with engaging puzzles and challenges that promote creative thinking, teamwork and communication. The venue will occupy space on the first floor at 25 S. Division Ave. Doug Taatjes, Hillary Taatjes Woznick and Kurt Kunst of NAI Wisinski arranged the sale of the retail condo for Ruse Escape Rooms owners Steve Myers and Bill Wiegandt. The space is currently being renovated for The Ruse, which will open this fall. The seller was a local developer. “At the heart of downtown Grand Rapids and walking distance from restaurants, breweries and hotels, The Ruse is the new choice for entertainment in the city. The space is full of character and provides the perfect setting for an immersive escape room experience,” says Wiegandt.
TROY, MICH. — Super Fair Cellular Inc. has renewed its 38,400-square-foot industrial lease in Troy. The building is located at 1352-1374 Rankin Road. John Boyd, Paul Hoge and Kris Pawlowski of Signature Associates represented the landlord, Iron Point Troy Industrial, in the lease transaction. Super Fair Cellular is a telecommunications equipment supplier based in Troy.
LANSING, MICH. — Marcus & Millichap has negotiated the sale of One Michigan Avenue in Lansing for $16.5 million. The 10-story, 154,000-square-foot office building is located at the southeast corner of Washington Square and Ottawa Street. The building was constructed in 1983. At the time of sale, One Michigan Avenue was 98 percent occupied by law firms, a bank, an insurance company and government tenants. John Godwin and Richard O’Connor of Marcus & Millichap represented the seller, a Lansing-based partnership. Godwin procured the buyer, a regional investment group.
MOUNT CLEMENS, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of Holiday Garden Apartments in Mount Clemens, about 25 miles north of Detroit. The sales price was not disclosed. The 64-unit property is located at 115 N. River Road. J and G Investments purchased the property from Mt. Clemens Properties LLC. Peter Jankowski of Friedman represented both parties in the transaction.
WARREN, MICH. — Colliers International has brokered the sale of a 62,900-square-foot industrial facility in Warren, a suburb of Detroit. The sales price was not disclosed. The building is located at 25200-25700 Malvina Ave. A large portion of the building is currently leased to TVI Logistics, a specialty warehousing and distribution company. Gary P. Grochowski, Justin Francek and Bryan Barnas of Colliers represented the undisclosed seller in the transaction.
TROY, MICH. — Signature Associates has arranged the sale of a 15,040-square-foot industrial building in Troy. The sales price was not disclosed. The property is located at 1350 Piedmont Drive. Paul Hoge and John Boyd of Signature Associates represented the seller, Wayne Huron Piedmont LLC. Joe Hamway, also of Signature Associates, represented the buyer, Falcon SJD Investments LLC.
ROYAL OAK, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 2,585-square-foot retail building in Royal Oak, about 15 miles north of Detroit. The sales price was not disclosed. PNC Bank owned and occupied the building located at 1710 E. 12 Mile Road. Robert Hibbert and Todd Hawley of Friedman represented both the seller and the buyer, 2015 Bellaire LLC.