Farmington Hills, Michigan (February 28, 2012) – Friedman Integrated Real Estate Solutions, the Midwest’s leader in commercial real estate services, announced today that Farmington Hills-based Pet Supplies Plus has executed a lease agreement for 33,000 SF to relocate its national headquarters to Laurel Office Park III located at 17197 N. Laurel Park Drive in Livonia, Michigan.
“Pet Supplies Plus is the third-largest pet specialty retailer in the United States with 257 stores in 23 states. PSP operates a unique combination of company-owned and franchised stores in convenient neighborhood locations, and offers a broad assortment of pet food and supplies at competitive prices. PSP was acquired by Irving Place Capital in September 2010. More information about Pet Supplies Plus is available at http://www.petsuppliesplus.com.
“We are proud to announce that Pet Supplies Plus has chosen Laurel Office Park for its headquarters relocation in Michigan,” said Dave Bolen, President and Chief Executive Officer of Pet Supplies Plus. “The prime location, together with the extensive renovations the building has undergone, made the decision to relocate extremely attractive for our organization and its employees. Our new headquarters will support our aggressive growth plan and enable us to attract top talent in the retail industry.”
The addition of Pet Supplies Plus to the Laurel Office Park roster of tenants is indicative of the renewed interest being witnessed at both buildings. “The quality of our improvements at both Laurel Office Park I and III, combined with a commitment to providing superior building management and tenant services has increased the occupancy rates by nearly 30% since we took over leasing and management operations in 2010,” said President and Chief Executive Officer of Friedman Integrated Real Estate Solutions David Friedman. “Laurel Office Park is well positioned to offer an extraordinary value to tenants seeking to expand and grow as the state’s economy continues to improve.”
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
Friedman Integrated Real Estate Solutions is one of the Midwest’s largest commercial real estate organizations. 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 multi-family properties throughout the country. As owners and managers of commercial
property for more than 25 years, Friedman understands what it takes to achieve results that maximize the client’s objectives.
As owners and managers of commercial property for more than 25 years, Friedman understands what it takes to achieve results that maximize the client’s objectives.