Friedman Facilitates MI Office Park Sale
- May 02, 2018
Friedman Real Estate has facilitated the sale of Holiday Office Park in Lansing, Mich. The firm represented the seller, Holiday Park Realty LLC, as well as the buyer, Durga Property Holdings Inc.
The property comprises nine buildings, according to Yardi Matrix, that make up Holiday Office Park. The structures range from 80,420 to 120,683 square feet across one to two stories. The buildings are located at 920, 940, 1000 and 1021 Long Blvd., 6545, 6546, 6520 and 6500 Mercantile Way, and 1048 Pierpont Drive. The last recorded owner was Namdar Realty Group, which purchased Holiday Office Park in September 2010 as part of a portfolio sale, funded by a 1.8 million loan held by Liberty Mutual Group.
Steven Silverman, associate of Investment Advisory Services at Friedman represented the buyer and the seller in the transaction. Earlier this year, Friedman negotiated a 20,045-square-foot lease for Meritus Property Management within the Tri-Atria Office Building in Farmington Hills, Mich.
Image courtesy of Friedman Real Estate