Friedman Negotiates Sale of 36,500 SF Office Building in Pittsfield Township

Posted on June 25, 2012

Friedman Negotiates Sale of 36,500 SF R&D Office Building in Pittsfield Township

Farmington Hills, Michigan (June 26th, 2012) – Friedman Integrated Real Estate Solutions, the Midwest’s leader in commercial real estate services, announces the sale of 525 Avis Drive, a 36,500 SF R&D office building located in Pittsfield Township. The seller, Genworth Special Purpose Two, LLC, sold the building to 525 Avis, LLC, an affiliate of The Hooberman Companies. Phil Konopitski, Senior Vice President of Brokerage Services for Friedman and Rick Tabbi, Associate, Brokerage Services for Friedman represented both buyer and seller in the transaction.

“This acquisition represents a unique opportunity for us to add a quality facility to our Ann Arbor/Pittsfield Township portfolio,” commented James Hooberman, President of The Hooberman Companies. “The building’s prime location and office/lab amenities are an ideal fit for the needs of the region’s growing talent base of biotechnology and information technology firms. We are very pleased with the acquisition.”

Designed by the famed Ann Arbor architectural firm Hobbes + Black, 525 Avis Drive is prominently located one mile south of I-94 at the entrance to the Avis Farms Research and Business Park. Featuring individual suites of office and lab spaces in a nature-like setting, the high-spec building showcases an abundance of windows with a beautifully landscaped interior courtyard and also jogging/walking paths in an adjacent nature area.

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 16MSF 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.