Farmington Hills, Michigan (May 8, 2015) Friedman Integrated Real Estate Solutions, one of the nations leading providers of commercial real estate services, recently sold a 47,074 square feet office building located at State Technology Center I, 4750 Venture Drive, in Ann Arbor, Michigan. The seller, 4750 Venture Drive Associates, LLC, sold the building to Capovista, LLC.
/n
/nState Technology Center I is a single-story office/flex building constructed in 1987 on a 4.12-acre site within the State Technology Center business park, home to three technology and engineering-based companies. The City of Arbor is home to The University of Michigan and is Washtenaw Countys largest city. In recent years, the area has seen strong growth with the construction of office and research space along State Street.
/n
/nBarry Swatsenbarg, National Director, Investment & Loan Sale Advisory, and Rich Deptula, Senior Vice President, Investment & Loan Sale Advisory Services at Friedman represented both the seller and the purchaser in this transaction.
/n
/nABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
/nRecognized as one of the largest privately-held commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of services it offers.
/n
/nFriedman manages over 140 facilities encompassing more than 16M SF of commercial and over 8,000 multi-family units across the country. Friedmans brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for over 25 years, Friedman understands what it takes to achieve results that maximize the clients objectives.
/n
/nFor more information, please visit: www.friedmanrealestate.com.
/n
/nMichelle McGuckin
/nP 248.848.3544
/nE michelle.mcguckin@freg.com
/n
/n