Farmington Hills, Michigan (August 26, 2015) Friedman Integrated Real Estate Solutions, one of the nations leading providers of commercial real estate services, recently sold The Forum at Gateways, located at 44575-44833 Mound Road, in Sterling Heights, Michigan, at auction on August 24, 2015.
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/nThe Forum at Gateways is a 258,105 SF retail power center located in Metro Detroits second largest city, Sterling Heights. This value-add asset is ideally located in a highly-developed and densely-populated residential and commercial area along M-59. The property was sold on Auction.com. This asset was highly sought after by multiple national and international buyers. This $20M plus sale is just one of several sales the Friedman Investment Team has successfully auctioned off in the last 60 days. The Team has sold over $40M of investment real estate in the last 60 days alone.
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/nBarry Swatsenbarg, National Director, Investment and Loan Advisory Services, and Rich Deptula, Senior Vice President, Investment and Loan Sale Advisory Services, at Friedman represented the seller in this transaction.
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/nABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
/nAs one of the largest privately-held full-service 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 Advisory, Property Management, Brokerage and Construction services that it offers.
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/nFriedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedmans brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients objectives.
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/nFor more information, please visit: www.friedmanrealestate.com.
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/nPress Contact:
/nLauryn Morrison
/nP 248.848.3523
/nE amber.decker@freg.com
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