Farmington Hills, Michigan (July 11, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 141,231 square foot single-tenant retail building located at 3828 Bay Road, in Saginaw, Michigan. The seller, LNR Partners, LLC, sold the building at auction through Ten-X.com to A.T. Frank Floor Covering.
Formerly occupied by Value City, the building sits on a 17.2-acre parcel of land within the area’s main retail corridor less than a mile south of Fashion Square Mall. This was an excellent owner/user opportunity for the purchaser, A.T Frank Floor Covering.
A.T. Frank Floor Covering is primarily a floor covering store that also does counter tops, cabinets, wall tile and more. They have been in business in the Saginaw area since 1948 and this will be their seventh location.
Rich Deptula, National Director, Investment Advisory Services at Friedman represented both the seller and the purchaser in this transaction.
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.
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