Farmington Hills, Michigan (June 5, 2014) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold 52 apartment units in Lansing, Michigan. Barry Swatsenbarg, National Director, Investment & Loan Sale Advisory Services, and Rich Deptula, Senior Vice President, Investment and Loan Sale Advisory Services, represented the seller at auction.
Grovepark Apartments is a 52-unit multi-family community located at 3601-3620 Richmond Drive, 2222 Ferrol Street, and 3606 Pleasant Grove Road in Lansing, Michigan. Constructed in phases from 1969 to 1972, this high-occupancy community is comprised of 6 two-story apartment buildings on a 3.50-acre site. Ideally positioned near employment, transportation, and local and regional shopping, the community is nestled in an established neighborhood among single-family homes and multi-family complexes. Grovepark Apartments is conveniently located five miles south of downtown Lansing and seven miles southwest of Michigan State University and is easily accessible by car or public transportation.
“This community is a gem. It has tremendous value-add opportunity and is located in a prime location,” said Swatsenbarg.
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. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. 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.
