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SOURCE Friedman Integrated Real Estate Solutions
FARMINGTON HILLS, Mich., Feb. 6, 2014 /PRNewswire/ -- Friedman Integrated Real Estate Solutions, one of the nation's leading providers of commercial real estate services, will be taking on the management, leasing and construction assignment of a 432,000 square foot office building complex in Farmington Hills, Michigan known as Arboretum Office Park.
Located at 34405-34605 W. Twelve Mile Road along the desirable Twelve Mile Corridor in Farmington Hills, one of Detroit's premier submarkets, Arboretum Office Park boasts a 40-acre campus with large courtyards and park-like atmosphere. One of 17 business parks in Farmington Hills, originally constructed in 1986, one unique feature of the park is its sprawling interior atriums providing year-round enjoyment by tenants and visitors alike. Enclosed walkways connect each of the buildings, allowing for convenient transit throughout the complex. Currently, spaces available for lease range from 1,000 to 350,000 square feet, with signage facing I-696 for larger tenants. A corporate headquarters facility with visibility from I-696 and Twelve Mile Road is also available.
Planned improvements include refurbishing of the building's exterior, landscape enhancements and fully remodeled lobbies with high-end modern finishes. Additional amenities feature on-site management and security card access system, high-speed data, cable and fiber-optic cabling, full-service cafeteria and sundry shop, conference center, state-of-the-art temperature control system and abundant parking. Arboretum Office Park, with its large areas of green space and landscaped courtyards, suitable for use by tenants as well as for special events, has received multiple beautification awards from the City of Farmington Hills over the years.
Home to 6,000 businesses, including more than 75 Fortune 500 companies and 170 foreign-owned firms, the City of Farmington Hills has positioned itself as a sustainable economic heavyweight. With its close proximity to hotels, restaurants and shopping centers as well as accessibility to major highways and Detroit Metropolitan Airport, Farmington Hills is an extremely attractive option for any business. According to its Chamber of Commerce, half of America's disposable income, half of the country's workforce and nearly half of the total U.S. population are found within 500 miles of Farmington Hills, the 19th safest city in the nation. In recent years, the City of Farmington Hills has seen an increase in world-class businesses drawn to its region and has one of the lowest vacancy rates for corporate real estate in Oakland County.
Friedman has proven success with its turnaround management expertise in multiple markets throughout the U.S. One recent example of this success locally is the 1.2 million square foot North Troy Corporate Park, home to Magna International Inc., a leading global supplier of technologically-advanced automotive systems, and Dunham's Sports, the Midwest's largest sporting goods chain. After significant re-branding, marketing, renovations and improvements, both companies were attracted to the premium office space and moved their respective headquarters to the park. Other major tenants include Siemens, AGS and Henry Ford Health System. Since Friedman began managing and leasing the properties that make up the North Troy Corporate Park in May 2012, the park's occupancy rate has doubled.
"Like we achieved with North Troy Corporate Park, we will transform Arboretum Office Park into one of the most appealing options for companies seeking a modern office environment in the Farmington Hills area. Our team is looking forward to this exciting opportunity," said David Friedman, President & CEO.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
Recognized 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.
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.
For more information, please visit: www.friedmanrealestate.com.
CONTACT: NICOLE MANCINO
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