/n Farmington Hills, Michigan (June 10, 2013) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, is proud to announce the lease of 117,319 square feet of Class A office space at 750 Tower Drive in Troy, Michigan, to Magna International Inc., a leading global supplier of technologically-advanced automotive systems. David Friedman, President & CEO, and Robert Gagniuk, Associate Broker, represented the landlord in the lease transaction. Construction is already underway and will accommodate the several hundred employees that are expected to relocate by September 1st.
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/n Magna International is relocating to North Troy Corporate Park in an effort to keep its headquarters in Troy, Michigan. “Our U.S. headquarters has been in the Troy area for more than 15 years now, which is an ideal location as it centrally locates us near most of our customers,” said Jim Tobin, Chief Marketing Officer. “It was important to us to stay in this area and find a suitable office location that could accommodate an increased staff.”
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/n When Friedman began managing 750 Tower Drive in May 2012, it had a zero percent occupancy rate. After extensive rebranding, renovations, and leasing initiatives, 750 Tower Drive will now be 60 percent occupied. “Magna’s decision to remain in Troy speaks highly about Metro Detroit’s growing office industry,” said David Friedman. “North Troy Corporate Park is the ideal location for Magna’s consolidation of regional operations with space to allow for future expansions.”
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/n 750 Tower Drive managed and leased by Friedman, recently underwent extensive renovations, organized and executed by Friedman’s Construction and Design division. The team devised a plan to redesign the atrium of 750 Tower Drive with a more modern aesthetic. The design of the lobby included sleek tile flooring with exotic granite accents, rich wood panels imported from around the world, impressive water features, and architectural lighting.
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/n ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
/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 Press Contact:
/n Danielle Massell
/n P 248.848.4164
/n E danielle.massell@freg.com
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