09.08.14 - CORFAC FIRMS COLLABORATE TO SELL INVESTMENT PROPERTY IN FARMINGTON HILLS, MI
Troy, Michigan (September 8, 2014) - Troy, Michigan based L. Mason Capitani CORFAC International is pleased to announce the sale of a 38,000 square foot office/flex property located at 27675 Halsted Road in Farmington Hills, Michigan to local investor JOT II, LLC.
L. Mason Capitani CORFAC International collaborated on the exclusive listing and marketing of the property with their CORFAC affiliate in San Francisco, California, TRI Commercial CORFAC International. The seller, Halsted Investments, LLC is based in San Francisco. The facility has been occupied since it was originally built by Clear Channel Communications. There is a long
term lease in place with Clear Channel. The asking sale price for the property was $3,925,000. The final selling price has not been disclosed.
"This transaction is an excellent example of the service platform that is offered by member firms of CORFAC International," commented Mason L. Capitani (Executive Vice President and Principal Member of L. Mason Capitani CORFAC International), "we were able to provide a level of service to a client in California who held ownership in a substantial asset in Michigan that most firms do not have the capability of providing."
CLICK HERE FOR MORE PRESS