FRIEDMAN’S STEVEN SILVERMAN SELLS NET LEASED PETCO & ABC WAREHOUSE PROPERTY IN CANTON
Farmington Hills, Michigan (July 24, 2018) – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold Canton Townplace, a 36,600-square foot retail property located at 43473 Ford Road in Canton Township, Michigan. Midwest 8, LLC sold the building to Deuter 31:6, LLC.
“The multi-tenant property is currently 100% leased on a long term NNN basis to both ABC Warehouse and Petco. The purchaser was able to achieve an above market yield on an A+ retail property located in one of the most robust commercial markets in SE Michigan, said Silverman.
Steven Silverman, Investment Advisory & Brokerage Services, at Friedman represented the purchaser 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.