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Sales and Leases Stabilizing in Office Market

WEST BLOOMFIELD, MI-Office space is still trading and renting in the Detroit market during a slowing economy, according to transactions cited by First Realty Co.

By Robert Carr | Updated on August 20, 2001

WEST BLOOMFIELD, MI-Office sales and leases in the Detroit market are continuing on a steady stream, not hampered much by the market slowdown, according to Joel Feldman, president of First Realty Co. of West Bloomfield.

Sales prices are reflected in the following transactions:

* Larson Realty Group’s purchase of the 301 East Liberty building in Downtown Ann Arbor, containing some 78,640 sf, for approximately $9.6 million or $122 per sf.

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