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Friedman Reports Flurry of March Activity

FARMINGTON HILLS, MI-Friedman Real Estate reports a retail building sale in Monroe and new leases in downtown Detroit, among other recent deals.

By Dan Heaton | Updated on March 19, 2004

FARMINGTON HILLS, MI-Friedman Real Estate Group Inc. has reported a flurry of recent activity around the metropolitan Detroit area. Perhaps the biggest of the March reports from Friedman was the sale of an 11,600 sf retail building located at 855-859 N. Telegraph Rd. in Monroe. Royal Monroe Properties will be the new owner and will be relocating an existing Pet Supplies Plus store into this building. Friedman’s John Dinsmore represented the landlord, F&M Enterprises LLC. In other recent deals arranged via Friedman, the Farmington Hills-based agency reported:

• The lease of 4,420 sf of office space in the First National Building located at 660 Woodward Ave. in downtown Detroit. Friedman’s Steve Eisenshtadt and Randy Kart represented the landlord, Lennar who is the owner of the 800,000 sf First National Building. The new tenant will be Local Initiatives Support Corp. Also at the First National Building, Eisenshtadt represented Lennar in a new retail lease with Progressive Distributors Inc. for 2,707 sf.

• The sublease of a 15,000-sf industrial building in Shelby Township. The new tenant, PMI (Project Management Inc.), will reside at 51548 Filomena Dr. PMI is an automotive supplier to General Motors Corp., DaimlerChrysler and Ford Motor Company, and will use the facility for warehouse and distribution. Friedman‚s Larry Schultz represented PMI. The landlord, Empire Wire & Supply LLC, is a manufacturer of electrical and electronic cable assemblies and distributor of wire cable and connectors.

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