/n Farmington Hills, Michigan (May 13, 2013)– Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services recently negotiated the sale of three medical office buildings totaling 85,822 square feet located at 27207, 27209, and 27211 Lahser Road in Southfield, Michigan. Vice President of Brokerage Services Bob Moon represented Lahser Medical Campus, LLC, the buyer in the transaction.
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/n The medical office space was purchased via Auction.com, and will host a multi-discipline medical practice, which includes physical therapy, orthopedics, neurology, endocrinology, and dermatology. “We’re seeing a trend where different disciplines form groups to purchase or lease medical properties outside of hospitals,” said Moon. “With the new healthcare legislation, private practices are now forming large entities for greater purchasing power. I foresee this trend continuing on a steady incline.” The space was originally 51% occupied by DMC, but Lahser Medical Campus, LLC will bring the occupancy to around 80% serving as both landlord and tenant for the property. Lasher Medical Campus, LLC plans to make several improvements to the property by renovating the lobbies, adding a full-line pharmacy, an express café, and updating the landscaping.
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/n The purchaser, Lahser Medical Campus, LLC has retained Friedman for leasing and management of the property. For more information, the property can be viewed online at http://www.friedmanrealestate.com/listing/lahser-medical-ii-iii-iv/
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/n ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
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/n Friedman Integrated Real Estate Solutions is recognized as one of the largest privately-held commercial real estate organizations in the nation. Friedman offers a full range of services that include: commercial brokerage, property and asset management, investment and loan sale advisory, turnaround management and receivership, space planning and design, construction and project management, graphic design and marketing in addition to a vast array of advisory services. We provide our clients with a single point of contact for the entire range of services we offer.
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/n Friedman represents banks, special servicers, institutions, property owners, national and regional retailers, and commercial tenants in every size range. Friedman manages over 140 facilities encompassing more than 16M SF of commercial and 7,000 multi-family units across the country. As owners and managers of commercial property for 25 years, Friedman understands what it takes to achieve results that maximize the client’s objectives.
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/n For more information, please visit: www.friedmanrealestate.com.
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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 W www.friedmanrealestate.com