Farmington Hills, MI – (October 22, 2019) Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold 2600 Wirsing Parkway in DeKalb, Illinois. The property is a 202,000 SF 5-star distribution facility that was vacant at the time of sale. Kellen Duggan and Victor “Torrey” Lewis in Friedman’s Chicago brokerage office represented the seller Somera Road, a New York-based commercial real estate investment firm, in the 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, Multi-Family, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 22,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $20 billion in closed transactions. As owners and managers of commercial property for over 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at www.friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube, and Twitter.
About Somera Road Inc.
Somera Road Inc. is a New York-based commercial real estate investment firm focused on value-add and opportunistic transactions across all asset classes and geographies. Somera Road targets off-market acquisitions previously impaired by some form of distress such as loan defaults, partnership disputes, and bankruptcy. These opportunities are often overlooked by larger institutional investors. Somera Road takes an entrepreneurial and methodical approach to identify off-market real estate opportunities that generate above-market returns for its investors. With a disciplined and aggressive approach, Somera Road drives value through strategic asset re-positionings, targeted capital improvement plans, and best-in-class, hands-on asset management. Since its inception, Somera Road has acquired over $1.5 billion in real estate totaling approximately 16 million square feet across 49 unique markets.
Somera Road was named one of Inc. magazine’s Best Places to Work in 2019, the annual ranking in the fast-growing private company sector.