Farmington Hills, Michigan (June 14, 2013) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, is proud to announce recent sale and lease transactions at North Troy Corporate Park, in Troy, Michigan totaling over ±210,000 square feet. David Friedman, President & CEO, and Robert Gagniuk, Associate, Brokerage Services, represented the landlord in both transactions.
Dunham’s Sports, the Midwest’s largest sporting goods chain with over 170 stores across 16 states, recently purchased the ±95,000 square foot building located at 5607 New King Drive. The company is relocating to accommodate its expanding workforce. This will be the first move for Dunham’s headquarters since the company’s inception in 1937.
Magna International Inc., a leading global supplier of technologically-advanced automotive systems, leased ±117,000 square feet of office space at 750 Tower Drive, with plans to add a technical center to the building. This location will serve as their new headquarters and will house 300 plus employees.
When Friedman began managing and leasing the eight Class A buildings that make up the North Troy Corporate Park in May 2012, the park had an occupancy rate just over 20%. Following a full rebranding, interior and exterior renovations, in addition to aggressive leasing initiatives, the park’s occupancy has more than doubled. Seven of the buildings have a combined occupancy rate above 50%, with the eighth building currently undergoing extensive renovations.
“We are very pleased that Magna International and Dunham’s Sports chose to relocate their headquarters to the North Troy Corporate Park,” said David Friedman, President & CEO. “Troy is evolving into a primary city for upscale office and retail. We’re thrilled to be a part of the city’s progression.”
Major credit tenants such as Dunham’s Sports and Magna International have been attracted to the Class A office park due to its superior location and prestigious reputation. North Troy Corporate Park is located at the intersection of Crooks Road and Long Lake Road, with 1-75 visibility. The park is also within close proximity to award-winning restaurants, upscale shopping, and popular hotel chains, making it an ideal location for elite companies who often host visitors.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
Friedman Integrated Real Estate Solutions is recognized as one of the largest privately-held commercial real estate organizations in the nation. Friedman offers a full range of services that include: commercial brokerage, property and asset management, investment and loan sale advisory, turnaround management and receivership, space planning and design, construction and project management, graphic design and marketing in addition to a vast array of advisory services. We provide our clients with a single point of contact for the entire range of services we offer.
Friedman represents banks, special servicers, institutions, property owners, national and regional retailers, and commercial tenants in every size range. Friedman manages over 140 facilities encompassing more than 16M SF of commercial and 7,000 multi-family units across the country. As owners and managers of commercial property for 25 years, Friedman understands what it takes to achieve results that maximize the client’s objectives.
For more information, please visit: www.friedmanrealestate.com.
