GRAND RAPIDS, MICHIGANJune 9, 2017 Signature Associates has negotiated the lease of 5,951 square feet of retail build-to-suit space located at 1100 & 1170 28th Street, Grand Rapids, Michigan.
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/nJoe Rizqallah, Angela Thomas and David Miller of Signature Associates represented the tenant, DriveTime Car Sales Company, LLC. Joe Rizqallah represented the landlord, IE Investments, LLC.
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/nDriveTime is a national car retailer based in Tempe, Arizona. They have 134 locations with this being their 1st Grand Rapids location. Signature Associates has worked with DriveTime to bring 4 sites in Michigan.
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/nThe seller is a local owner who had intended to use the building for personal use. When Signature met with the owner to describe the opportunity, he decided to work with us and lease the premises to DriveTime.
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/nAbout Signature Associates
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/nSignature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, Holland, Kalamazoo, Michigan and Toledo, Ohio, is the regions leading commercial real estate firm. Signature provides a diverse selection of services, including brokerage, tenant representation, investment sales, property/asset management, advisory services, consulting and market research.
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/nIn 2016, Signature completed more than 1,260 transactions totaling 32.2 million square feet and 2,100 acres with a value of $1.1 billion. Additionally, the firm manages more than 8 million square feet of commercial space for its third-party clients, making us one of the largest locally owned property management firms in the market. Over the past 10 years, the firm has closed $9.2 billion in transactions solidifying their position as the commercial real estate leader in Michigan and Northwest Ohio.