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.
UTICA, MICH. — Mid-America Real Estate Corp. has brokered the sale of Shelby Corners in Utica, a suburb of Detroit. The sales price was not disclosed. The 76,390-square-foot shopping center is located at the northwest corner of Hall and Schoenherr roads. Tenants include Christmas Tree Shops and BuyBuy Baby, both subsidiaries of Bed Bath & Beyond. Michigan-based Grand Management & Development purchased the property. Ben Wineman, Carly Gallagher and Daniel Stern of Mid-America brokered the transaction.
PORTAGE, MICH. — NAI Wisinski of West Michigan has arranged the sale of a 19,188-square-foot office building in Portage, near Kalamazoo, for $2 million. The fully leased building is located at 5136 Lovers Lane. Bill Tyson of NAI arranged the sale on behalf of the buyer, Jay Kim Enterprises LLC. Marc Tourangeau and Kara Schroer of NAI leased up the property to full occupancy in 2016.
WALKER, MICH. — Monmouth Real Estate Investment Corp. has acquired a 343,483-square-foot industrial building in Walker, near Grand Rapids, for $32.1 million. The building is situated on 61 acres at 3466 Shippers Drive. The property is net leased to FedEx Ground Packaging System Inc. for 15 years.
BIG RAPIDS, MICH. — Signature Associates has arranged the sale of a 35,856-square-foot retail building in Big Rapids in central Michigan. The sales price was not disclosed. The building is located at 706 Perry Ave. Joe Rizqallah of Signature Associates represented the seller, Blackmer-Cosgrove LLC, and the purchaser, Cocca Development. The space will be leased to Dunham Sports.
ROCHESTER HILLS, MICH. — KJ Commercial has brokered the sale of Auburn Plaza in Rochester Hills, about 25 miles north of Detroit. The sales price was not disclosed. The 31,000-square-foot retail center is located at 240 E. Auburn Road. Kevin Jappaya of KJ Commercial represented the undisclosed buyer in the transaction. The buyer purchased the property in a 1031 exchange.
ROMULUS, MICH. — Burger & Co. has negotiated the lease of a 23,750-square-foot industrial building in Romulus, about 23 miles southwest of Detroit and five miles north of the Detroit Metropolitan Airport. The building is located on Cypress Road. Burger & Co. arranged the lease transaction on behalf of the landlord, D&G Construction. The tenant was not disclosed.
