TRANSWESTERN DISPOSES OF 170,363-SQUARE-FOOT OFFICE BUILDING

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TROY, MICH. — Transwestern has negotiated the disposition of Long Lake Crossing, a Class A office property located at 1301 W. Long Lake Rd. in Troy. The three-story, multi-tenant building contains 170,363 square feet of space. It features a renovated lobby and common area, a new café, underground executive parking and was 90 percent occupied at the time of closing. It recently received certification for LEED for Existing Buildings: Operations & Maintenance. Gary Nussbaum, Bill Harvey and Thomas Gorman of Transwestern’s Investment Sales Group brokered the sale on behalf of the seller, Transwestern Investment Company LLC, a Transwestern affiliate. The buyer was a New York-based investor group. The acquisition price was not disclosed.

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