Friedman Real Estate’s Alan Stern successfully completed the lease of an 11,520-square-foot former Rite Aid building located at 13939 Livernois Avenue in Detroit, Michigan. Friedman represented the tenant in this transaction, reinforcing the firm’s expertise in retail and adaptive reuse leasing solutions across Southeast Michigan.
About the Property
- Address: 13939 Livernois Avenue, Detroit, MI
- Size: 11,520 SF
- Former Use: Rite Aid retail building
- Property Type: Retail / Adaptive Reuse
This property offers excellent visibility and accessibility in a high-traffic corridor, making it an ideal location for businesses seeking to establish a strong presence in Detroit’s revitalizing retail market.
Friedman’s Role
Alan Stern utilized Friedman’s deep market knowledge and strategic approach to secure this lease for the tenant. This transaction demonstrates Friedman’s ability to:
- Identify prime retail and adaptive reuse opportunities
- Negotiate favorable lease terms for tenants
- Deliver customized solutions in competitive urban markets
Why Detroit Retail Properties Are in Demand
Detroit continues to attract retailers and service providers due to:
- Ongoing revitalization and economic growth
- Strong consumer demand in urban neighborhoods
- Opportunities for adaptive reuse of former retail spaces
This lease reflects the growing trend of repurposing former big-box retail properties to meet evolving tenant needs.
Learn More
Explore Friedman Real Estate’s retail leasing services and discover how we can help you secure the perfect location for your business.
Contact us today for tailored solutions that drive success.
Contact us today for tailored solutions that drive success.
