FRIEDMAN’S STEVEN SILVERMAN AND JOEL KESTENBERG SELL VALUE-ADD MEDICAL OFFICE BUILDING IN WATERFORD, MICHIGAN

Farmington Hills, Michigan (December 19, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 10,100- square foot medical office building located at 3881-3901 Highland Road in Waterford, Michigan. The seller, American Physicians Buildings Corporation sold the building to Hakimi Capital Group, LLC.

Steven Silverman, Associate, Investment Advisory Services at Friedman and Joel Kestenberg, Associate, Retail Brokerage Services at Friedman represented both the seller and the purchaser in this transaction.

This property provided the out-of-state investor an opportunity to acquire a value-add medical office property with stabilized economic returns at a higher yield than their market is currently trading at. Additionally, the local seller was able to capitalize on the strong CRE market in Michigan,” said Silverman.  Friedman has been retained for leasing.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions 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.