/n Farmington Hills, MI (September 2, 2010)– Friedman Real Estate Group, Inc. recently negotiated the sale of 57,000 square feet of light industrial space located at 4800 South Lapeer Road in Lake Orion, Michigan. The seller, P&G Properties, Inc., sold the property to Palace Chrysler Jeep. Palace Chrysler Jeep plans on using the building to expand its current parts department and construct one of the largest body shop/repair facilities in Michigan. The utilization of green, renewable energy is the driving force behind the building renovation. Palace Chrysler Jeep will install new solar roofing technology, maximize natural lighting with skylights, and extensively use solar panels and wind turbines to make this building the benchmark for renovation and reuse of antiquated light industrial factories in Michigan. Through tax incentives from Orion Township, this property will stand out as a cutting edge, green facility. Larry Schultz of Friedman Real Estate Group represented the purchaser in this transaction.
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/n ABOUT THE FRIEDMAN COMPANIES
/n Founded in 1987, Friedman Real Estate Group, Inc. is one of Michigan’s largest locally owned and operated commercial real estate organizations. Friedman provides a complete package of commercial brokerage services to clients throughout Metropolitan Detroit. As a full service company, Friedman takes an innovative and personalized approach to real estate brokerage. Friedman’s individualized client attention ensures customer satisfaction and quality control.
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/n As the property and asset management arm of the Friedman Companies, Finsilver/Friedman Management Corporation is one of the Midwest’s largest managers of commercial real estate. Finsilver/Friedman manages over 90 facilities encompassing over 10 million square feet of commercial and multi-family properties throughout Michigan, Ohio, Indiana, and Florida.
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/n The Friedman Companies represent institutions, major property owners, national and regional retailers. Friedman provides a broad spectrum of services including land services, tenant representation, investment brokerage, facilities planning, space planning, interior design, full service accounting, physical property management, construction management, financial analysis, risk management, strategic asset management, acquisition and disposition services. www.friedmanrealestate.com.