BIRMINGHAM, MICH. — Mid-States Advisors Inc. has signed a five-year lease to open an office at 260 E. Brown St. in downtown Birmingham. Detroit-based Broder Sachse Real Estate owns the property. The tenant is a family-owned boutique financial and business advisory firm specializing in assisting middle-market businesses with mergers and acquisitions, debt placement and fractional CFO services.
PONTIAC, MICH. — The Jonna Group of Colliers Detroit has arranged the sale of a 92,509-square-foot retail property located at 600 N. Telegraph Road in Pontiac for an undisclosed price. Simon Jonna and Raymond Jonna of the brokerage firm represented the seller, a property management company from New York. The new owner, CNS Healthcare, is currently leasing the retail space to Value World Inc. and Harbor Freight Tools USA Inc.
NOVI, MICH. — LK Esthetics has leased 1,400 square feet of retail space at Beck Village Plaza in Novi. The property is located at the southeast quadrant of Beck Road and Pontiac Trail. Jack Melton and Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord, while Haley Kelly of Keller Williams Showcase represented the tenant.
SOUTHGATE, MICH. — Embers Coffee Co. has signed a 4,500-square-foot retail lease at Southgate Shopping Center in Southgate, a southwest suburb of Detroit. Embers will serve coffee roasted by Rootless Coffee of Flint, Mich. The coffee shop is slated to open this fall at 13627 Eureka Road. Greg Hornby of Friedman Real Estate represented the tenant in the lease. The landlord was undisclosed.
DETROIT — Law firm Jacobs & Diemer PC has signed a 5,286-square-foot office lease at 211 W. Fort St. in Detroit. The law firm has more than 70 years of experience as an appellate specialist in the state of Michigan. Andrew Bower of Friedman Real Estate represented the tenant, which is relocating from 500 Griswold St.
GIBRALTAR, MICH. — ARCO Real Estate Co. has acquired Riverside Townhomes in Gibraltar, a southern suburb of Detroit, for $17.1 million. The townhome rental property, located at 14221 Park St., features 136 units. Peter Jankowski and Rich Deptula of Friedman Real Estate represented both the buyer and undisclosed seller.
ANN ARBOR, MICH. — The life sciences group of Sartorius has opened its new Center of Excellence for bioanalytics in Ann Arbor. Sartorius invested about $100 million for the state-of-the-art facility, consolidating existing sites and functions in Ann Arbor. The number of employees at the 130,000-square-foot property is expected to double over time. The facility houses a modern manufacturing and services area, biology labs, a warehouse, office and training spaces and a Customer Interaction Center. Sartorius will develop and manufacture a range of bioanalytical instruments at the site. Sartorius provides bioanalytical solutions that are used in the discovery and development of biopharmaceutical drugs. The company employs about 2,600 people at 12 sites in North America.
HOLLAND, MICH. — Magnus Capital Partners has begun development of HōM Flats at 24 East, a 202-unit workforce housing development in western Michigan’s Holland. The three-building property will feature more than 13,000 square feet of retail space, including an onsite childcare center and suites reserved for locally owned businesses. Amenities will include a pickleball court, fitness studio, coworking lounge, café, indoor and outdoor play areas, art studio, package delivery area, pet-washing stations, indoor bike storage, rooftop terraces, walking paths and dog parks. Leasing is expected to begin in 2026. HōM Flats is the workforce housing platform of Magnus. Residents have access to monthly event programming like financial literary classes, art programs and career services. Hooker DeJong Inc. is the project architect, and Rhode Construction will serve as general contractor. Merchants Capital arranged more than $81 million in financing for the project, which is financed through private and public funding sources, including a 4 percent Low-Income Housing Tax Credit (LIHTC) allocation from Michigan State Housing Development Authority. Merchants Capital provided $14.2 million in LIHTC equity and a $27.9 million Freddie Mac unfunded forward tax-exempt loan. Merchants Bank provided a $31 million construction loan and $8 million equity bridge loan.
FARMINGTON, MICH. — Dominion Real Estate Advisors LLC has arranged the sale of a 58,675-square-foot former training center in the Detroit suburb of Farmington. Located at 33107 Thomas St., the property was known as the Maxfield Training Center and served as the former Farmington Junior High. James Mitchell of Dominion represented the buyer, Robertson Hillside Townes LLC, which plans to build 53 three-story townhomes on the site. The seller and sales price were undisclosed.
NOVI, MICH. — Marcus & Millichap has brokered the $9.3 million sale of Infinity Medical, a 36,338-square-foot medical office building in Novi. The two-story property is fully leased to Rehabilitation Physicians PC and Ascension Medical Group of Michigan. Seth Haron, Ashish Vakhariya and Darin Gross of Marcus & Millichap represented the buyer and seller in partnership with Scott Marcus of RSM Development. The asset sold to Nova Sky Investments LLC, a Michigan-based investment firm.