Michigan

NAI Wisinski Brokers Sale of 9,333 SF Office Building in Grand Rapids Suburb

by Christina Cannon March 10, 2016

COMSTOCK PARK, MICH. — NAI Wisinski of West Michigan has brokered the sale of a 9,333-square-foot office building in Comstock Park, a northern suburb of Grand Rapids, for an undisclosed price. OPMA Properties LLC sold the building, located at 4211 N. Division Ave., to Sun Coast Packaging Inc., a provider of bags and packaging materials. Sun Coast Packaging acquired the facility through the acquisition of the company Shapiro Packaging. Mary Anne Wisinski and Dave Smies of NAI Wisinski of West Michigan represented the seller in the transaction, and Chip Bowling of X Ventures represented the buyer.

March 10, 2016

Michigan Midwest Office

Friedman Arranges 35,020 SF Office Lease in Livonia, Michigan

by Christina Cannon March 10, 2016

LIVONIA, MICH. — Friedman Integrated Real Estate Solutions has arranged a 35,020-square-foot office lease in Livonia, approximately 20 miles northwest of Detroit. Exel, a third-party logistics company, will occupy the space at Seven Mile Crossing. Universal Properties Three LLC owns the building located at 38701 Seven Mile Road. Steve Eisenshtadt and Todd Hawley of Friedman represented the landlord in the transaction.

March 10, 2016

Industrial Michigan Midwest

Friedman Brokers Sale of 165,016 SF Flex Property in Detroit Suburb

by Christina Cannon March 9, 2016

FARMINGTON HILLS, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a three-building flex park in Farmington Hills, approximately 22 miles northwest of Detroit, for an undisclosed price. Garrison Investment Group LP sold Discovery Centre to Haggerty 4 LLC. The 165,016-square-foot property was 81 percent occupied at the time of sale and is located on Country Club Drive. Rich Deptula of Friedman represented the seller in the transaction, and Todd Hawley of Friedman represented the buyer.

March 9, 2016

Michigan Midwest Office

Friedman Brokers Sale of 10,285 SF Office Building in Southfield, Michigan

by Christina Cannon March 8, 2016

SOUTHFIELD, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 10,285-square-foot office building in Southfield, approximately 15 miles northwest of Detroit, for an undisclosed price. Camar Properties LLC sold the building, located at 23265 Northwestern Highway, to Alley Cat Holdings LLC, a law firm. Kevin George and Dan Verderbar of Friedman Integrated Real Estate Solutions represented both the buyer and seller in the transaction.

March 8, 2016

Industrial Michigan Midwest

Friedman Arranges 18,049 SF Flex Lease in Detroit Suburb

by Christina Cannon March 7, 2016

TROY, MICH. — Friedman Integrated Real Estate Solutions has arranged the lease of 18,049 square feet of office and warehouse space in Troy, approximately 25 miles north of Detroit. Carlex Glass America LLC will occupy the space at Oakland Office Commons, located at 1225 E. Big Beaver Road. Carlex Glass America is a global Tier 1 supplier of original equipment and replacement glass for the automakers and aftermarket industries. Stuart Frankel Development Co. is the landlord. Robert Gagniuk and Greggory Kent of Friedman represented the tenant in this transaction.

March 7, 2016

Industrial Michigan Midwest

NGKF Brokers Sale of 116,389 SF Industrial Building in Southfield, Michigan

by Christina Cannon March 2, 2016

SOUTHFIELD, MICH. — Newmark Grubb Knight Frank (NGKF) has brokered the sale of an 116,389-square-foot industrial building in Southfield for $8.4 million. ElringKlinger Automotive Manufacturing Inc. purchased the facility located at 23300 Northwestern Highway from STAG Industrial. Built in 2006, the asset was formerly a Staples fulfillment warehouse. ElringKlinger will begin occupying the facility, which is situated on 10.7 acres, by the end of the first quarter of this year. Tom Oldham of NGKF represented the buyer in the transaction. The seller was undisclosed.

March 2, 2016

Michigan Midwest Restaurant Retail

Colliers International Completes 6,000 SF Retail Lease in Lapeer, Michigan

by Christina Cannon March 1, 2016

LAPEER, MICH. — Colliers International has arranged the lease of 6,000 square feet of restaurant space in Lapeer, approximately 60 miles north of Detroit. New China Buffet will occupy the space at 797 E. St. Lapeer Associates LLC is the landlord. Paul Lichtenberg and Morry Levin of Colliers International represented the landlord in the transaction.

March 1, 2016

Michigan Midwest Office

Friedman Arranges 62,318 SF Office Lease in Troy, Michigan

by Christina Cannon February 22, 2016

TROY, MICH. — Friedman Integrated Real Estate Solutions has arranged a 62,318-square-foot office lease in Troy, approximately 25 miles north of Detroit. Midland Credit Management Inc. will occupy space in Building B of Troy Officentre. Osprey-Troy Officentre LLC owns the building located at 320 E. Big Beaver Road. Glenn DesRosiers of Friedman Integrated Real Estate Solutions represented the landlord in the transaction. Midland Credit Management is a subsidiary of Encore Capital Group, an international specialty finance company that provides debt-recovery solutions for consumers and property owners.

February 22, 2016

Industrial Michigan Midwest

Friedman Negotiates Sale of 24,898 SF Industrial Property in Detroit Suburb

by Christina Cannon February 18, 2016

NOVI, MICH. — Friedman Integrated Real Estate Solutions has negotiated the sale of a 24,898-square-foot industrial property for $1.6 million. Sigma Phi Properties Inc. acquired the asset, located at 46555 Humboldt Drive Road in Novi, approximately 30 miles northwest of Detroit, from BACM 2006-2 Novi industrial LLC. The property was 100 percent occupied by three tenants at the time of sale. Rich Deptula of Friedman Integrated Real Estate Solutions represented both parties in the transaction.

February 18, 2016

Michigan Midwest Office

NAI Wisinski Arranges Sale of 10,000 SF Office Property in Grand Rapids

by Christina Cannon February 17, 2016

GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the sale of a 10,000-square-foot office building in Grand Rapids for an undisclosed price. Refined Marketers Inc. purchased the asset, located at 5360 Cascade Road SE, from Aardema Whitelaw PLLC. The purchase was done as part of a 1031 exchange. Kurt Kunst of NAI represented the buyer in the transaction, and Scott Morgan of Colliers International represented the seller.

February 17, 2016

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