Kramer Realty Announces Sale Located at 1026 Military Street in Port Huron
Port Huron, MI –(September 26, 2018) – KRAMER COMMERCIAL REALTY – Gerry Kramer, Broker/Owner of Port Huron-based Kramer Commercial Realty together with Associate Broker, Korissa Wilkins is pleased to announce the sale of the historical, Harrington Inn in Downtown Port Huron, Michigan on behalf of Harrington Holdings LLC. The property has been acquired by Jeff Katofsky, the California lawyer who is also completing a $35M redevelopment of the St. Clair Inn, just 6 miles south from the property.
Located at 1026 Military Street in the heart of Downtown Port Huron, this historical landmark, The Harrington Inn consists of 70,296 square feet, including 68 units located on 5 floors with a full, walkout basement. The Harrington Inn originally opened in 1896 as a 4-star iconic hotel in Downtown Port Huron, Michigan. The hotel was transformed in 1988 to a non-licensed assisted living facility, operating until closing in 2017. Over the next year, new owner Jeff Katofsky, “will transform the interior focusing on upgrades and functionality inside, like we did with St. Clair, we hope the people understand it’s sort of brought back down to its 1800s roots.” Katofsky said. Restoration of the exterior with minimal changes to the aesthetics, keeping the historical integrity of the building will also begin in the next few weeks. He estimated reopening the hotel would cost $10 million to $15 million.
About Kramer Commercial Realty
Kramer Commercial Realty is an independent brokerage firm specializing specifically, in full-service commercial real estate transactions with over 2,000 transactions in the industry. The firm was established in 1978 by Broker/Owner, Gerry Kramer, S.I.O.R. and brings over 40 years of experience in commercial brokerage services, sales, leasing, real estate consulting, advisory, marketing, property and asset management. Kramer Commercial Realty is committed to bringing clients creative solutions by providing the highest level of professional service fostering long lasting relationships. The firm is committed to the community, supporting its strong reputation for integrity, experience, trust and achieving intended real estate results.