/n Farmington Hills, Michigan (March 2, 2011)– Friedman Integrated Real Estate Solutions, the Midwest’s leading provider of commercial real estate services, announces today the execution of four new lease transactions at Laurel Office Park, located at 17177 and 17197 N. Laurel Park Drive in Livonia, Michigan. The new tenants will occupy approximately 15,629 square feet of office space between the recently renovated buildings, Laurel Office Park I and III.
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/n “Both tenants and brokers recognize Friedman’s well-regarded reputation for providing excellent customer service and trust,” said Eric Slutzky, Director of Leasing and Asset Management for Friedman. “We’ve received an extraordinary response to the completed lobby renovations and system upgrades at Laurel Office Park I and are witnessing renewed interest from current tenants and new prospects at renovations currently underway at Laurel Office Park III. Organizations have recognized the value in Laurel Office Park’s competitive pricing and premier location along the I-275 Corridor – and it’s reflected in the increase in leasing activity we’re currently experiencing.” Friedman has recently executed over 41,000 square feet of lease renewals with existing tenants at both buildings.
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/n Highlights Include:
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- /n Kennedy Home Health, a provider of home care services, signed a long-term, 1,694 square-foot lease for its Medicare division at Laurel Office Park I.
- /n IPswitch, a global technology provider of file transfer and data workflow solutions signed a long-term, 7,206 square-foot lease at Laurel Office Park III.
- /n Harvey Industries, an automotive manufacturing firm specializing in intake manifolds, signed a 4,278 square-foot lease for its corporate headquarters at Laurel Office Park I.
- /n ARConcepts, an architecture and design firm, signed a 1,267 square-foot lease for its company headquarters at Laurel Office Park I.
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/n ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
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/n Founded in 1987, Friedman Integrated Real Estate Solutions is one of the Midwest's largest locally owned and operated commercial real estate organizations. Friedman represents banks, special servicers, institutions, property owners, national and regional retailers, and commercial tenants in every size range. Friedman manages over 95 facilities encompassing more than 10 million square feet of commercial and multi-family properties throughout Michigan, Ohio, Indiana, Florida, Kentucky, Tennessee, and Arizona.
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/n Friedman's completely integrated in-house service lines include brokerage, full-service property and asset management, space design and architectural services, construction and project management, graphic design and marketing, as well as a specialized distressed asset services group providing valuation and pro-forma analysis, multi-scenario financial modeling, loan sales, investment sales, turnaround management and receivership services. We provide our clients with a single point of contact for the entire range of services we offer.
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/n As owners and managers of commercial property for more than 25 years, Friedman understands what it takes to achieve results that maximize the client's objectives.