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FRIEDMAN SELLS 45,000 SF MIDTOWN DETROIT RESEARCH & INNOVATION CENTER

FRIEDMAN SELLS 45,000 SF MIDTOWN DETROIT RESEARCH & INNOVATION CENTER

Farmington Hills, Michigan (May 7, 2018) – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold the NextEnergy Building, a 45,000-square foot -research and innovation center located at 461 Burroughs in the heart of Midtown Detroit’s Tech District. The seller, NextEnergy, sold the property to Wayne State University and will use the building in part to create an urban technology innovation consortium.

Jared Friedman, Manager of Acquisitions and Opportunities, and Robert Gagniuk, Real Estate Specialist, Client Solutions at Friedman, represented the seller in this transaction.

“We were very excited to be a part of growing Detroit’s mobility presence in the auto industry and America’s Newest Tech Hub,” Friedman said.

The sale was ideal for both WSU, along with its startup incubator TechTown and NextEnergy, who will form Detroit Urban Solutions, with the intent of studying and solving urban issues through the use of mobility, energy, digital health and civic technologies, said Ned Staebler, vice president of economic development for Wayne State and president and CEO of TechTown in a recent Crain’s Detroit Business article.

ABOUT FRIEDMAN REAL ESTATE

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate 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.

For additional press:

http://www.costar.com/News/Article/Wayne-State-University-Buys-45000-SF-Flex-Bldg/201305

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