Founded in 1965, L. Mason Capitani, Inc. is the oldest locally owned and operated real estate brokerage firm specializing in the sales and leasing of office, industrial and retail properties in Michigan. Offering a full array of services, L. Mason Capitani, Inc.’s market coverage extends throughout the Detroit Metropolitan area, the State of Michigan and worldwide though its alliance with CORFAC International.

09.22.11 - CALIFORNIA INVESTOR ACQUIRES TROY OFFICE PROPERTY

     Troy, Michigan (September 21, 2011) – L. Mason Capitani CORFAC International is pleased to announce the sale of the Haverhill Office Complex located at 2950 W. Square Lake Road in Troy, Michigan to LSTC California, LLC.  The property includes a 25,000 square foot multi-tenant office building as well as an active cell tower that is currently in use by three cell service providers.  The occupancy of the office building was approximately 75% at the time of sale.  The purchaser plans to renovate the building and reposition it as a premium location for office tenants in the area.  The building’s classic architecture and its convenient location at the I-75/Adams Road interchange made the building an attractive acquisition for the purchaser.  Mason L. Capitani and Gary P. Grochowski of L. Mason Capitani CORFAC International represented the purchaser and the seller in the transaction.  They will also continue to market and lease the building moving forward.  The final sale price was not disclosed.  However, the asking price for the property was reported to be $1.8 Million.

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