/n Farmington Hills, Michigan (January 5, 2012)-Friedman Integrated Real Estate Solutions, the Midwest’s leading provider of commercial real estate services, announces the lease of 94,571 SF at the Troy Officentre, located at 320-340 E. Big Beaver Road in Troy, Michigan, to Flagstar Bancorp, Inc. (NYSE: FBC). Glenn N. DesRosiers, Senior Vice President, Brokerage Services, represented the lessor, Osprey Management Co. LLC in the transaction, which comprises the entire second and third floors of Building B and entire third floor of building C of the 745,000 SF office complex. Garret Keais of Signature Associates represented the lessee.
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/n Based in Troy, Michigan, Flagstar Bancorp is the largest financial institution headquartered in the state and the largest publicly held savings bank headquartered in the Midwest. Flagstar operates 113 branches in Michigan, 29 home loan centers in 14 states, and a total of four commercial banking offices in Massachusetts, Connecticut, and Rhode Island.
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/n “The expansion of a local bank in the community is always good news,” said Marshall Soura, Executive Vice President and Director of Corporate Services at Flagstar. “The fact that we’ve outgrown our corporate headquarters and are taking additional space in Troy is beneficial for the bank and the community.”
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/n “Troy Officentre represented an excellent option for Flagstar Bank based on their immediate and long-terms needs for expansion,” said Glenn N. DesRosiers, Vice President of Brokerage Services for Friedman. “The complex remains a leader in the City of Troy for maintaining positive absorption and completed lease transactions with a total of 383,103 SF of space leased since the campus was purchased by Osprey January 1, 2007, leasing over 215,000 SF of space in 2011 alone.”
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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 13 million square feet of commercial and multi-family properties across the country.
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/n Friedman’s fully integrated in-house service lines include brokerage, full-service property and asset management, space design and architectural services, construction, 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 over 25 years, Friedman understands what it takes to achieve results that maximize client objectives.
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/n Friedman Integrated Real Estate Solutions
/n 34975 W. Twelve Mile Rd.
/n Farmington Hills, Michigan 48331
/n P 248.324.2000
/n www.friedmanrealestate.com
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