Friedman Negotiates Michigan Retail Property Acquisition
- Jul 04, 2017
Friedman Integrated Real Estate Solutions, on behalf of Noble Appliances LLC, purchased a 10,992-square-foot retail property in Clawson, Mich., from Kemerko Clawson LLC. Mike Koeningbauer, Friedman’s vice president, led the negotiations.
Strong retail corridor
Located at 1066-1072 W. 14 Mile Road, the property is right across Clawson Shopping Center, which includes a Staples and an Aldi store, among other tenants. The nearby area is served by several restaurants such as The HideOut and Red Olive and a CVS Pharmacy. Oakland Mall is also just a few miles away.
The building is approximately 20 miles from downtown Detroit and only six miles from downtown Troy, Mich. It also has convenient access to Interstate 75.
Friedman has become a prominent presence in the Michigan and Illinois commercial real estate markets, having recently represented the seller in another retail deal closed in Southfield, Mich.
Image courtesy of Friedman Integrated