Hospice of Michigan Signs for 21 KSF in Detroit Suburb
- Jul 03, 2018
Hospice of Michigan has leased 21,157 square feet of office space at Galleria Officentre in Southfiled, Mich. A team of brokers from Friedman Real Estate represented both the tenant and the owner, Taconic Capital. The lease involved suites 400 and 405 within the fourth building of the business center.
Completed in 1989, 400 Galleria Officenter includes 257,000 square feet of office space, half of which is currently unoccupied, according to Yardi Matrix. Taconic Capital bought all four buildings from Nemer Property Group in 2016, financing the deal via a $48 million loan secured from Starwood Capital Group. One year later, the assets received cosmetic renovations.
Galleria Officenter provides convenient access to Interstate 696, Northwestern Highway, John C. Lodge Freeway as well as a variety of restaurants located in the area. Completed between 1983 and 1989, the four buildings encompass 1,021,288 square feet which includes, besides the office component, a full-service cafeteria, banking facility, convenience store, executive covered parking garage within buildings 100 and 300 as well as plug and play space. Tenants can also use the on-site generators and amphitheater with Star Theaters.
Executive Managing Director & CEO David Friedman, Real Estate Specialist Robert Gagniuk and Leasing Associate Marc Hames represented both the landlord and the tenant in the transaction. Friedman and Gagniuk worked on several deals in the past, including the sale of 141,464-square-foot North Troy Corporate Park in Troy, Mich.
Image courtesy of Yardi Matrix