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Cbreassists Mhawith Disaster Recovery CBRE|Martin to Provide Management and Leasing Services for 360,000 SF Portfolio of Propert

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Cbreassists Mhawith Disaster Recovery CBRE|Martin to Provide Management and Leasing Services for 360,000 SF Portfolio of Propert 2013 CBRE|MARTIN & CBRE|GRAND RAPIDS CBPart ofRI theC CBREHA affiliateRD networkELLIS|MARTIN & CB RICHARD ELLIS|GRAND RAPIDS CBRE|Martin to Provide Management CBRE|Martin Named “Outstanding and Leasing Services for 360,000 SF Small Business” by Lansing Regional Portfolio of Properties Chamber of Commerce BRE has been retained as the exclusive management The Lansing Regional Chamber and leasing agent for a of Commerce recently presented C CBRE|Martin with the Outstanding 360,000-square-foot portfolio of properties in the Woodlands Small Business Award. The Office Park in Okemos and Capital annual honor is reserved Commerce Center in Lansing that for small business within the was recently acquired by Iron Point smooth management transition and tri-county area that have Titan Asset Management, LLC. diligent lease up of the Iron Point demonstrated stability, innova- Portfolio. ■ tion, dedication to community, V I DEO ability to overcome challenges We’re excited to have CBRE and a commitment to diversity. on board as our partner CBRE|Martin’s recognition as an outstanding small business Van W. Martin, Chairman and CEO of in the management and CBRE|Martin and Tim Daman, President may seem to contradict CBRE’s & CEO Lansing Regional Chamber of leasing of the portfolio. standing as the world’s largest Commerce. The portfolio comprises office, retail They share both our commercial real estate services “We’re honored to be recognized company, but rather the honor by the Chamber as one of Greater and flex space and also includes vision for reinvigorating JH Business Center and Woodland just further underscores the depth Lansing Area’s outstanding Square shopping center, where a the properties to realize and breadth of the CBRE platform. small businesses,“ said Van W. As an affiliate office of CBRE, the Martin, Chairman and CEO of complete repositioning of the asset their full potential, and is planned. company is one of the pillars CBRE|Martin. “Our professionals our urgency to effect upon which that global platform are local market experts who New ownership will strive to rests. CBRE’s worldwide reach embody CBRE’s corporate RISE immediately reinvigorate the immediate improvements. depends on having the best real values—RESPECT, INTEGRITY, portfolio and plans to invest We are confident estate professionals on the ground, SERVICE and EXCELLENCE— aggressively in the properties that CBRE’s team of around the world, in markets both and deliver them in every client with significant upgrades to each large and small. interaction.” ■ including landscaping, parking lots, professionals will be 1 signage and façade. Attracting and retaining an appealing tenant mix integral in turning the is a key initiative. portfolio into a solid CBRE Assists MHA with Disaster Recovery The CBRE property management, investment. he Michigan Health & office, retail and industrial teams Hospital Association ~ Dewayne Bailey, Iron Point Titan will work in cooperation to effect a (MHA) is the statewide leader Asset Management, LLC T representing Michigan community hospitals and health systems on key legislative and regulatory issues and MICHIGAN HEALTH & HOSPITAL ASSOCIATION CBRE Consults on Downtown Development supporting their efforts to provide quality, cost-effective and accessible The option MHA selected—6105 W. BRE has partnered with care. St. Joseph Highway—was the sister the City of East Lansing to building to MHA’s headquarters and In August of 2012, however, it was provide real estate marketing, located within the adjacent Verndale C MHA that needed assistance when research and consulting services. Office Park, with additional space their headquarters building suffered taken within 6005 W. St. Joseph As part of their objective to bring severe water damage due to a Highway for use as a print shop. renewed vitality to downtown partial roof collapse. The building East Lansing, the City enlisted housed more than 60 employees, Both properties are part of the CBRE the CBRE Consumer Behavior & and the disaster effectively shut down management portfolio, and CBRE Location Analytics group to prepare MHA’s office. Real Estate Manager Bill Shy worked a municipality segmentation closely with MHA to coordinate the Upon hearing of the catastrophe, study. The study provides a detailed move, including working with their IT CBRE Chairman and CEO Van W. analysis of consumer lifestyles and department to set up communications Martin, CCIM, SIOR, CRE contacted trends incorporating demographics, within a week. CBRE also arranged MHA to offer CBRE’s professional segmentation and market analysis. discounted moving services with resources to assist the association Our experts then marry the census and Proposal (RFQP) to potential TWO MEN AND A TRUCK® with the disaster recovery process. data and consumption data to delve developers, investors, users and Meanwhile, CBRE provided As time was of the essence, Martin into the behavior of retail demand, market contacts consultation on repairs to MHA’s presented MHA with a number bringing science to the art of real • Distribute the RFQP via a managed existing headquarters building of options that were immediately estate decision making. bid strategy with date certain as well as on business continuity available to accommodate MHA’s In addition, CBRE has been retained marketing planning for potential events in the space needs on a temporary basis. as a consultant on the redevelopment • Lend benchmark insight and future. ■ of the publicly controlled properties matrix evaluation templates. that comprise the new Park District The City will incorporate CBRE’s Planning Area site (formerly the market insight in selecting a project Inside This Issue proposed City Center II development and developer for the future site with Office News 2 Asset Services/Achievements 7 site.) additional steps including public Retail News 3 West Michigan Listings 8 As a strategic advisor to the City, review; committee meetings; due Industrial News 4 Mid-Michigan Listings 9-11 CBRE brings our resources and diligence and feasibility studies; expertise to the project to: design work; and site plan review, Investment News 5 More News & Views 12 • Assist the City with development required before a final development Corporate Services News 6 of a Request for Qualifications agreement is negotiated. ■ CBRE is the world’s largest commercial real estate services firm (in terms of 2012 revenues) with over 39,000 professionals. The firm offers strategic advice and execution for property sales and leasing; corporate services, property, facilities and project management, mortgage banking, appraisal and valuation; investment management; and research and consulting. OFFICE NEWS CBRE|Martin Fills 45,000 SF Within New Mixed-Use Development Coming to Park Place Office Park Michigan Avenue ne of East new option in student housing “CBRE not only negotiated Lansing’s is coming to the outskirts of Opreeminent A MSU campus. CBRE Associate the sale of the property, office parks—Park and Office Advisor Thomas but helped locate and Place Office Park— Jamieson negotiated the sale of has secured two new 514 Michigan Avenue in East secure temporary space tenants who together Lansing to the purchaser Wolf River for us to occupy during Development Company. leased nearly 45,000 the year-long construction square feet. Park Place The existing building on the 0.33- is located on West Road acre lot, which was occupied by process.” relocate its Michigan office to Park in the northwest tier of East Lansing Koehler’s Printing and Graphics Place, occupying 18,500 square ~ Tami Koehler, Koehler Printing and is home to several corporate for over 32 years, has been razed feet within Building Three. Rosekrans and Graphics office users. to make way for the mixed-use represented the landlord in this development. The four-story, Dale Inman, a managing partner with Coverys, a leading medical transaction, while fellow CBRE office 23,200-square-foot project will Wolf River Development Company, professional liability insurance advisor Lisa Allen Kost represented include 16 four-bedroom student reports that the development will be company, has leased approximately CLEAResult. 26,000 square feet in Building apartments and 1,200 square feet complete by August, just in time to “Our existing space had become One where operations will be of ground floor commercial space, welcome students for the 2013-2014 insufficient,” stated Tim Hardesty, run for member companies MHA which will be occupied by Koehler’s. school year. ■ Vice President for the firm. “The move Insurance Company and Coverys Koehler’s will remain in business addresses that problem, allowing Insurance Services, a multi-line during construction and our staff to work collaboratively insurance agency. Formerly located is temporarily located and enhance our service offering on the west side, the cross-town at 1510 Rensen Street, to clients.” move will allow the organization to Suite D in Lansing. CBRE consolidate its Midwest operations The leases brought Park Associate and Industrial into one contiguous space. CBRE Advisor Julie O’Brien office advisors Thomas Jamieson Place’s occupancy from was instrumental in and Eric F. Rosekrans, CCIM, CPM 54% up to 87%, and securing that transition represented the landlord and tenant space. respectively in the transaction. effectively leased the last Mary Ursul, Senior Vice President large expanse of Class of Coverys, is looking forward to A office product within the change. “The opportunity to Two Area Credit Unions Making
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