EAST LANSING, MI August 2, 2017 CBRE|Martin is pleased to announce the sale of 3151 Cooper, a former Carter Lumber property, in Jackson, MI. This is the sixth property that CBRE|Martin Associate, Jeff Ridenour, has sold for the company since 2014.
/n
/nSituated on 11 acres, the site consists of 4 buildings totaling nearly 36,000 SF. New Owner, Bakers Gas and Welding Supplies, Inc. purchased the property, making this their seventh location, including two locations in Ohio. In addition to selling and delivering gas and welding supplies, the company also owns several Ace Hardware stores. Plans for the new location include converting the front building on the property into an Ace Hardware.
/nPrior to this transaction, Ridenour assisted Carter Lumber in the sale of their St. Johns, Webberville, and Ionia locations in 2014 2015. He also collaborated with the CBRE|Detroit office to sell the former Whitmore Lake location in 2014, as well as a 14.85-acre vacant land site in Saginaw, which Federal Express purchased in 2015.
/nCarter Lumber, one of the nations top building materials retailers with 146 locations in 12 states, opted to sell several locations following the housing market downturn and decrease in construction projects. We have enjoyed working with Jeff over the last several years. His market knowledge and expertise were evident as he guided us through the sales process for all 6 properties, stated Chuck Price, Vice President of Construction & Development, Carter Lumber Company.
/n
/nCBRE|Martin will continue marketing the 4.85-acre Carter Lumber property in Owosso for sale. Please contact Jeff Ridenour, of CBRE|Martin, at jeff.ridenour@cbre-martin.com or (517) 319-9250 for more information.
/n
/n# # #
/n
/nAbout CBRE|Martin
/n
/nCBRE|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 website at cbrelansing.com.
/n
/nAbout CBRE Group, Inc.
/n
/nCBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the worlds largest commercial real estate services and investment firm (in terms of 2016 revenue). The Company has approximately 75,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 450 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 cbre.com.