CORE Partners completes the Investment Sale of a 55,528 SF, Class “A” mid-rise multi-tenant office building in Auburn Hills
Eric D. Banks, Principal / Co-Founder and the Managing Director of CORE Partners’ brokerage services division represented the Seller, Oakland Euro LLC. Banks said, “the buyer bought a really good, well-located asset.” From the buildings parking lot, you could hit Oakland University, Auburn Hills municipal offices, the Oakland Technology Park, and all manner of restaurants, hotels, and retail services with a 5-iron. Eric Banks has been involved with the leasing of this property since it was first developed in 2001 by the Adams McAlpine Group. The immediate area and the University Drive corridor are currently experiencing tremendous development and growth with multiple business drivers to account for this. The building is located at 3201 University Drive in Auburn Hills with class “A” office space that sits on 3.64 acres of land. At the time of the sale, the property was 95% occupied with excellent diversification in its tenant mix. The property has been acquired by LSTC Michigan LLC, a company affiliated with California based Livermore Software Technology Corporation, who is represented by Mason Capitani, Principal and Executive Vice President with L. Mason Capitani Corfac International.
ABOUT CORE PARTNERS:
CORE Partners is a full-service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. CORE Partners brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services. CORE Partners is committed to bringing its clients creative, cutting-edge solutions and providing the highest level of professional service fostering long-lasting relationships based on loyalty, integrity, and trust. CORE Partners assists corporate clients, lenders, institutions, property owners, investors and real estate developers in achieving their real estate objectives.