FRIEDMAN’S INVESTMENT ADVISORY TEAM SELLS NET LEASED INDUSTRIAL PORTFOLIO IN DETROIT & CLEVELAND
Farmington Hills, Michigan (August 27, 2018) – Friedman’s Investment Advisory team brokered the recent sale of two long term net leased industrial properties located in Detroit, Michigan and Cleveland, Ohio. The 650,000 square foot portfolio is leased to Sherwood Food Distributors on a long term NNN basis. The buyer, AIC Ventures, was vetted through an aggressive multi-round bidding process, which included the nation’s largest private and institutional industrial buyers.
“Friedman’s rigorous marketing and vetting process procured an above-market sale price for the ownership group. This was a win-win transaction for all parties involved,” said Silverman.
David Friedman, Executive Managing Director, CEO, Jared Friedman, Manager of Opportunities, Jordan Friedman, Associate, Brokerage Services, Mark Benyas, Director, Investment Advisory Services, and Steven Silverman, Associate, Investment Advisory Services, at Friedman represented the seller in this transaction.
ABOUT FRIEDMAN REAL ESTATE
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.