ABN AMRO Inks Deal for 255,000-SF Office Build-to-Suit

ANN ARBOR, MI-In what is being called the area’s largest ’03 office transaction to date, ABN AMRO Mortgage Group has signed a deal with Avis Farms Development for the development of a 255,000-sf class A build-to-suit property here. AAMG will use the space to accommodate current and future expansion initiatives.

Neal Warling, a senior vice president in Grubb & Ellis’ Detroit office, represented both parties in the transaction. AAMG chose the 6300 InterFirst Drive location from a field of 20 potential sites. Standard Federal Bank has been selected by Avis Farms to provide all financing for this project. The value of the deal has not been disclosed.

“This long-term lease is an excellent deal for both parties,” says Warling. “Avis Farms gets a credit tenant in a steadily growing industry and AAMG has beautiful, new office space suited to their specific needs and in a prime location,”