Farmington Hills, Michigan (November 2, 2016) Friedman Integrated Real Estate Solutions, one of the nations leading providers of commercial real estate services, recently sold a +38,653 square foot multi-tenant retail center located at 16800 16852 Schaefer Highway, in Detroit, Michigan. The seller, LNR Partners, LLC, sold the building at auction through Ten-X.com to Veritas Development.
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/nMercury Plaza, a ±38,653 SF neighborhood shopping center located in Detroit, Michigan was constructed in 1997 and sits on a ±2.50-acre site. The retail center is currently 95.47% occupied by CVS, OReilly Auto Parts and H&R Block, occupants of the center for nearly 20 years.
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/nRich Deptula, National Director, Investment Advisory Services at Friedman represented both the seller and the purchaser in this transaction.
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/nABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
/nAs one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
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/nFriedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedmans brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients objectives.
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/nFor more information, please visit: www.friedmanrealestate.com.
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