Farmington Hills, Michigan (November 22, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a single tenant NNN retail property occupied by a 46,000 SF Levin Furniture. The property is located at 23300 Lorain Road in North Olmsted, Ohio. The seller, LNR Partners, LLC, sold the building at auction through Ten-X.com to Basem Haddad for investment purposes.
This unique retail property has been 100% occupied by Levin Furniture since 1996 and is located along the main retail corridor serving the North Olmsted trade area with more than 200,000 residents within 5 miles of the center.
Rich Deptula, National Director, Investment Advisory Services at Friedman represented the seller and the buyer 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.