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13 Mar2020

L. Mason Capitani/CORFAC International Represents Buyer in Fully Leased Office Investment Purchase

Mason L. Capitani, SIOR, of L. Mason Capitani CORFAC International has successfully represented the purchaser, LREH Michigan, LLC, in the acquisition of the 128,829 square foot office property located at 37101 Corporate Drive in Farmington Hills, Michigan. Built in 2001, the class “A” building is fully leased long-term to Panasonic Automotive Systems.

“The quality of the real estate coupled with the lease that is in place with Panasonic makes the property an excellent investment,” commented Capitani. Moving forward, the property will be managed by the Troy brokerage company’s affiliate, Liberty Property & Asset Management. “Although the property has been well maintained, our management staff has already identified areas that we plan to upgrade and enhance,” Capitani said.

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. 

 

MEDIA CONTACT

Patricia True Agos
773-758-5044
patricia@ktpronline.com

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 50 offices in the U.S., 4 in Canada and 17 in international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling over 620 million square feet of space valued in excess of $8.2 billion.