CORFAC Firms Collaborate To Sell Investment Property In Farmington Hills, MI
Troy, MI (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 price for the property was $3,925,000. The final selling price has not been reported.
“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”.
About L. Mason Capitani/CORFAC International
Founded in 1965, L. Mason Capitani/CORFAC International is a privately held commercial real estate service firm specializing in the sales, leasing and management of industrial, office, medical and retail properties in Michigan. The firm’s scope of services includes landlord and tenant representation, buyer and seller representation, site acquisition and build‐to‐suit facilitation. L. Mason Capitani, Inc. is an affiliate member of Corporate Facility Advisors – CORFAC International, which is one of the largest and most successful real estate service organizations in the world. CORFAC is comprised of privately held entrepreneurial real estate service firms serving more than 150 markets in the Americas and internationally.