Farmington Hills, Michigan (July 10, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 155,781 square-foot retail center located at 67300-67500 Main St. in Richmond, Michigan. The seller, Madison Realty Capital, sold the center to Statewide Richmond, LLC.
Josh Miller, Senior Associate, Investment Advisory Services at Friedman took over leasing in February of 2016, when the property was 65% occupied. Josh stabilized the asset through renewals including Kmart, Family Video and HP Printing and a 2,000 SF expansion for Treasure Friends Daycare. Alongside the renewals and expansions, Friedman signed new leases with Richmond Athletic Club and Richmond Hearing Solutions. Josh facilitated the sale of the property in an off-market transaction with a local buyer.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.
