/n EAST LANSING – November 26, 2013 – CBRE|Martin (CBRE) is pleased to announce the sale of 4942 Dawn Avenue in East Lansing, near Grand River Avenue and Park Lake Road.
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/n Formerly occupied by Huntsman, the 22,078-square-foot, two-story laboratory building has been idle for years. The new owner purchased the property as an investment, with significant upgrades to the building planned. Once renovations are complete, the multi-tenant building will be one of few in the area that will offer state-of-the-art laboratory space for lease.
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/n “Until now, the Lansing area has lacked sufficient laboratory space equipped to serve the wet lab needs of early stage life sciences entrepreneurs. It is our plan to bring this building back to life, redesigned to serve the unique needs of early stage biotech and life science businesses eager to locate in our region,” says Jason Schreiber, representative for the project.
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/n CBRE Senior Associate and Office Advisor Thomas Jamieson represented the seller in the transaction.
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/n About CBRE|Martin
/n CBRE|Martin is a CBRE affiliate office serving Mid-Michigan. CBRE|Martin offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; and research and consulting. Please visit our web site at www.cbrelansing.com.
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/n About CBRE
/n CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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