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 AMSU 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 Moves consolidate departments under one Lansing’s East Submarket. roof and streamline operations is Landlord representative, Doug wo Mid-Michigan credit unions exciting for us.” Johns, is pleased with the result. are making moves in the Lansing Market to expand CLEAResult is an Austin, Texas “We have two quality firms joining T 2 accessibility for their member base. based energy optimization firm that our roster of tenants at Park Place,” CASE Credit Union and Option works with utility clients across the said Johns. “Our representatives at 1 Credit Union each engaged country to design and implement CBRE effectively guided us through CBRE independently to provide site energy efficiency and renewable the negotiation of each transaction.” selection and user representation energy programs. Currently located Both tenants expect to take occupancy services, not realizing that their paths in Okemos, CLEAResult will soon ■ in mid to late summer. would soon cross. CASE was seeking to increase member accessibility and service Guiding Real Estate Decisions at both their east and west side BRE has a long history of University Park Drive to fulfill their locations and needed to secure providing real estate services remaining space needs. CBRE both locations in short order. A and the other at 2250 Lake Lansing to Michigan Health and completed a facilities condition comprehensive site search on C Road, which made way for the sale Hospital Association (MHA). assessment for the property and the west side revealed that the of their existing building to CASE. Recently, that relationship generated negotiated a lease for the majority former Fitness USA location at a series of transactions necessary of the building. 5611 West Saginaw was an ideal Interestingly, the sale of Option 1’s corporate facility included a co- to realize MHA’s space and facility • With a potential need for additional site. Represented by CBRE Office habitation agreement whereby both needs. parking and future expansion Advisor Eric F. Rosekrans, CPM, credit unions will occupy a portion of Located in Verndale Office Park, MHA in mind, MHA purchased the CCIM, CASE moved forward with the space and operate together until shared their existing 48,944-square- adjacent 1.41-acre lot at 2104 the acquisition of the property. the alternate locations for Option 1 foot headquarters building with University Park Drive. The seller was represented by are ready for occupancy. The entire affiliated insurance company, Shawn H. O’Brien, CCIM, and process was an amazing example Coverys. After a building casualty, “Expanding our a sale was quickly negotiated. of cooperation between the two both groups relocated independently. Construction of the new west side headquarters office and branch is underway with a third financial institutions. CBRE Chairman and CEO Van W. relocating to the east side quarter opening planned. However, “We are extremely pleased with both Martin, CCIM, SIOR, CRE assisted CASE’s search for a suitable east of our locations and are looking MHA with their needs. The ensuing submarket is a significant side location was less fruitful, with forward to serving our members at site search led to a number of move for MHA, and few quality locations immediately each site”, stated Jeffrey Benson, transactions: available in the market. President and CEO, CASE Credit • MHA purchased a 25,000-square- CBRE|Martin has been Meanwhile, Option 1 was looking to Union. “CBRE was instrumental in foot building at 2112 University there to guide us through expand their reach with additional helping us through the process in a Park Drive within University every step of the way. branch locations on the east side. quick and efficient manner.” Commerce Park in Okemos. Through site selection, Their existing 16,200-square-foot Andy List, President and CEO of • MHA leased a 12,400-square- building on West Road was too large Option 1 Credit Union, was equally foot building next door at 2105 acquisition and lease for their use, but proved to be a perfect thrilled with the process of events. negotiations, they have fit for CASE. After a short negotiation “We will be able to provide services period, Rosekrans guided the two to our members in a broader been a responsive and sides to an agreement. CBRE Office perspective as we continue to branch trusted advisor for MHA.” Advisor Lisa Allen Kost was able to out in the Mid-Michigan area. identify two alternate locations for CBRE has been a key advisor in ~Nancy McKeague, Senior Option 1 along the Lake Lansing identifying and assessing available Corporate Vice President, Michigan ■ 2112 University Park Drive Health and Hospital Association corridor, one at 6025 N. Hagadorn sites for us.”

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. RETAIL NEWS Lansing Towne Centre Welcomes Three Planet Fitness to Rely on CBRE New Tenants s Planet Fitness—a fast growing health club that boasts ansing Towne Centre has taken 4,000 square feet within low prices and a “judgment- is an 111,864-square-foot the center, plus room for outdoor A free” zone—continues its planned Lestablished community center seating. The Embassy Grill serves expansion throughout Michigan, anchored by both Office Max and a unique combination of authentic CBRE has been the real estate ABC Warehouse. Located on busy Lebanese and Italian cuisine in one provider of choice for site selection Saginaw Highway directly across restaurant. and representation services. City Mall on busy Wilder Road from the Lansing Mall, the center is Sugar Berry, a self-serve frozen CBRE Vice President and Brokerage between Target and JC Penny. home to a number of national and yogurt parlor, has opened a west Services Advisor Shawn H. O’Brien, • In Fort Gratiot, near Port Huron, regional tenants including Qdoba, side location leasing 1,898 square CCIM has worked with a number Planet Fitness leased 18,714 Game Stop and Chuck E. Cheese’s. feet within the center. This is a second of Planet Fitness franchisees over square feet within the Birchwood Retail property specialists Shawn location for the wildly successful the past two years. In addition to Mall. H. O’Brien, CCIM and Amy confectionery concept. two locations opened last year, • Planet Fitness has leased 23,107 Richter-Perkins provide landlord Eyes of India, which specializes in O’Brien has assisted Planet Fitness square feet within the Macy’s representation services for the center, the hair removal technique known franchisees in opening four new wing of the Meridian Mall in and have secured three new tenants as “threading”, has leased 1,000 locations throughout Michigan. Okemos. A late 2013 opening within the past year: square feet of salon space. Eyes of • In Saginaw Planet Fitness leased is planned. India was formerly located in the 26,694 square feet within Green “The Embassy Grill O’Brien and CBRE Vice President Lansing Mall. Acres Plaza, a grocery anchored provides the center with and Retail Advisor Robert Lotzar The landlord is encouraged about the community center at 4510 State continue to work with franchisees on another mini-anchor and recovery of the economy in Lansing Street. additional locations across the state, and the immediate trade area. “We will draw significant traffic • In Bay City Planet Fitness leased with a first location for the Flint area are excited to welcome these three 15,000 square feet within the Bay currently in the works. ■ to Lansing Towne Centre.” new merchants to the center and ~ David Brown, President, believe they will complement our Covington Realty Partners, LLC existing tenant line-up well,” said David Brown, President of Covington The Embassy Grill, which has been CBRE|Grand Rapids Negotiates Favorable Realty Partners, LLC. ■ serving Lansing for over 50 years, Renewal for Comerica Bank BRE recently represented Comerica Bank i n Cthe renewal of their 26,526-square-foot bank branch located in the heart of Downtown Grand Rapids. A CBRE corporate services client, Comerica’s real estate brokerage 3 needs are coordinated by Jamie Dingeman of the CBRE Detroit office. Dingeman in turn tapped CBRE|Martin Brings Haslett Shoptown to local CBRE Office Advisor Nate Scherpenisse to provide on-the- 93% Occupancy ground assistance in the transaction. as 99 Monroe, and was seeking For nearly 20 years Comerica had to renew in the same location. BRE has negotiated three Shopping center owner Steve Wickens happily occupied the first floor of Despite the absence of leverage leases within Haslett welcomes the new storefronts at the 12-story Class A building known generated by competition from Shoptown, bringing the Haslett Shoptown. “Habitat for C alternative locations, CBRE was current occupancy to 93% in a Humanity and Alder Insurance able to negotiate favorable terms— market with an average vacancy rate Agency are solid additions to the including a reduced rental rate—on of over 13%. tenant mix, and we are pleased they a long-term lease extension. ■ Habitat for Humanity has leased selected our center.” 9,600 square feet within the center “Habitat for Humanity and in which they will open their second Lansing area ReStore. Habitat for Alder Insurance Agency Ross Medical Education Expands to Humanity ReStores sell new and are solid additions to the gently-used home improvement Bretwood Shopping Center tenant mix, and we are goods, furniture, home accessories, nchored by Spectrum building materials and appliances to pleased they selected Health, Bretwood the public at a fraction of the retail our center.” AShopping Center is price. Proceeds are used by our local located just off the corner of Habitat for Humanity affiliates to CBRE Associate and Retail Advisor Breton Road SE and 44th Street help build and renovate more homes Amy Richter-Perkins provided SE. The 70,819-square-foot and communities. landlord representation services in center recently lost a key tenant Center to its tenant roster. Ross’ new Alder Insurance Agency, an each transaction. when Blockbuster Video vacated the Grand Rapids campus will provide independent insurance agency In addition, Rite Aid renewed 8,780-square-foot endcap. While adult education and training in the serving both individuals and their commitment to the center the sluggish retail environment made fields of medical assistant or dental businesses, has leased 1,085 square and signed a long-term extension the number of retail users looking for assistant, medical insurance billing feet within the center adjacent to of their existing 11,040-square- such a large suite scarce, the space and office administration, and Sunn City tanning salon. foot lease. ■ did not remain available for long. pharmacy technician. Within just three short months CBRE Vice President and Retail Bretwood Shopping Center Advisor Robert Lotzar represented welcomed Ross Medical Education the landlord in the transaction. ■

Mid-Michigan Office: 1111 Michigan Avenue, Suite 201, East Lansing, MI 48823; Phone: 517.351.2200; cbrelansing.com West Michigan Office: 634 Front Avenue NW, Suite 550, Grand Rapids, MI 49504; Phone: 616.831.2200; cbregr.com INDUSTRIAL NEWS Peckham, Inc. Absorbs 628,000 SF Flexible Terms Lead to Rapid Expansion

lassic Transportation & Delta Distribution Center Warehousing—a full service ne of the largest community Ccustoms bonded warehouse, vocational rehabilitation distribution, and third party logistics TRANSPORTATION Oprograms in the state firm—recently leased space within & WAREHOUSING of Michigan, Peckham, Inc. is the 280,000-square-foot industrial dedicated to providing job training warehouse/distribution facility and was able to quickly identify and employment to people with at 2685 Northridge Drive NW The state-of-the-art warehouse a suitable space option. Working disabilities. As part of the apparel in Walker. and distribution center is located through Miller, Classic negotiated a manufacturing and industrial sewing in west Lansing on Millett Highway A leader in third party logistical lease for 50,000 square feet under program, Peckham has contracted to in proximity to the I-96/I-69 services in West Michigan, Classic terms that permitted generous refurbish used military uniforms for interchange. needed additional food-grade flexibility at a competitive rate. the government. warehouse space to fulfill a new Prompt fulfillment of Classic’s space Chairman and Chief Executive To fulfill that assignment, Peckham client relationship. They needed requirement allowed them to secure Officer Van W. Martin, CCIM, leased 192,308 square feet within both immediate possession, and the client contract. SIOR, CRE and Senior Associate and Delta Distribution Center in early flexible terms to allow for growth Industrial Advisor Blair Moore Within the first two months of the 2012. Over the course of the past and contraction to match the client’s teamed to represent both Peckham lease, Classic took advantage year, Peckham has expanded rapidly, fluctuating space needs. and the landlord, Ashley Capital, in of the flexible terms of the lease, recently taking on the balance of the structuring the mutually beneficial CBRE industrial property specialist expanding to occupy a total of industrial space within the facility for lease agreement. ■ Drew Miller provided tenant 90,000 square feet within the a total of 628,000 square feet. representation services in the search building. ■ Persistence Pays off for CBRE|Grand Rapids 235,500-square-foot Class A manufacturing Afacility on 36.05 acres is an unusual product in Spring Lake, Michigan. But after Integrated Proficient Tenant Representation Metal Technology consolidated operations to another facility roficient Machine & in 2010, the parent company, Tool has purchased the a large furniture manufacturer, 32,500-square-foot P was tasked with determining industrial building at 8074 Clyde the highest and best use for the 4 Park Avenue SW in Byron Center. facility. Located at 17155 Van the property from the market to Located nearly across the street Wagoner Street, the facility includes await more favorable industrial real from their former facility, the “CBRE was an excellent resource in an 18,000-square-foot office; 25’- estate conditions. move more than doubled Proficient’s our search for a new location,” said 27’ ceilings; heavy power; air lines capacity. Determined to provide a solution owner Bill Sorensen. “Drew Miller throughout; cranes; 34 docks and to the client, Miller and Horn kept Since 1994, Proficient has specialized regularly apprised us of available four drive-in doors. the property top of mind, and in designing and building custom opportunities that met our criteria. As a corporate services client, the just months later, were successful machines and fixtures, producing More importantly, he understood a range of products from a simple company is serviced nationally by the in that endeavor. The property our needs, and did not pressure us fixture to complete assembly lines team of Justin Royce and Michael R. was purchased on behalf of to consider alternatives that did not of manual and/or automated work Laginestra in CBRE’s New York City Iso-Trude, Inc., an original truly suit us.” ■ stations. Proficient serves a multitude office. The team reached out to West equipment manufacturer of custom of industries, including automotive, Michigan industrial advisors Drew extruded plastic profile components medical, graphic design, retail, office “I absolutely furniture, home improvement and Miller and Robert Horn, SIOR to for a variety of industries. agricultural. recommend market the premier property. The spacious facility not only allowed CBRE Managing Director Drew CBRE|Grand Rapids.” Miller and Horn worked diligently to Iso-Trude to consolidate multiple Miller provided representation market the property to targeted users. facilities and better serve their services for Proficient in the transaction, ~Bill Sorensen After no purchaser surfaced within the existing customers, but will allow for conducting a thorough site search Owner, Proficient Machine & Tool first year however, the client removed future expansion as well. ■ of available industrial facilities.

We needed an United Suppliers Inc. Expands Agricultural experienced guide to the market to establish our Distribution Service to Michigan first Michigan location. nited Suppliers Inc. is their search for approximately and distribution CBRE demonstrated a an agricultural wholesale 15,000-25,000 square feet of rural facility at 3584 thorough understanding Uorganization based in Iowa. warehouse space in the Greater Bath Road Owned by agricultural retailers Lansing Area. within the of the Mid-Michigan throughout the central part of the After scouring the area for an Perry Business industrial product United States and parts of Canada, Center was not appropriate facility for lease, it inventory and was a United Suppliers has over 800 was determined that while suitable available for owners in 20 states, more than 300 facilities with highway proximity lease. However, valuable resource in employees and sales in excess of existed, none met the rural location the property had been available for negotiating the swift $2 billion. criteria, which was key to United sale for some time, even going to United Suppliers was looking Supplier’s accessibility to agricultural auction without success. acquisition of the to establish their first Michigan users. Purchasing a facility outright The bank was eager for a sale, right property in an presence. They enlisted industrial became the most viable option. making for a quick and seamless unfamiliar market. advisor Julie O’Brien to provide As a bank-owned property, the transaction. United Suppliers closed tenant representation services in 53,650-square-feet warehouse on the property within one month. ■ - David J. Mulder, Distribution Manager, United Suppliers Inc.

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. INVESTMENT NEWS PCG Brokers Sale of West Michigan’s Multiple Student Housing Properties Oldest Indoor Mall Trade in East Lansing BRE successfully BRE Chairman and CEO the properties were originally listed brokered the Van W. Martin, CCIM, SIOR, as part of a portfolio that totaled Cinvestment sale of CCRE and Senior Vice President 112 units and 170 beds. Martin Rogers Plaza Town Center. and Brokerage Services Advisor and O’Brien quickly determined that Located at 950-1150 28th Shawn H. O’Brien, CCIM recently optimum returns would be achieved Street SW in Wyoming, the negotiated the sale of four student by selling the assets individually. 365,572-square-foot partially housing properties on behalf of The Abbot Plaza Apartments, which enclosed shopping center Branoff Investment Group, LLC and comprised 52 studio apartments occupies approximately related entities. and ground floor office space, 35 acres at the southeast Located within walking distance to the were purchased by Michigan State corner of 28th Street and campus of Michigan State University, University College of Law to provide Clyde Park Avenue. housing options specifically for The investment property was students enrolled in the law school. sold via the West Michigan The other properties—Abbot House Private Capital Group (PCG), Apartments (10 units/12 beds), The with marketing efforts led by Dean Apartments (14 units/33 Van W. Martin, CCIM, SIOR, properties platform delivered quickly beds) and the Burcham Pointe CRE and Robert Lotzar. In true CBRE and at the right price point. I would cluster of duplexes (6 units/18 fashion, however, the comprehensive not hesitate to use their team in the beds)—were purchased by individual client team spanned both offices and Abbot Plaza Apartments future.” investment groups and will be service lines, with the receivership, maintained as traditional student The 51-year-old shopping center property management and leasing housing catering to the MSU student was purchased by Sun Valley Ltd., services for this assignment provided population. by Michael Martz, Daniel Sermak, a San Antonio, Texas real estate firm. Casie Pickle and Tricia Foster. A sampling of the mall’s tenants East Lansing is one of The entire CBRE team worked includes Family Fare supermarket, the most desirable and tirelessly on behalf of our clients, Big Lots, Harbor Freight and Tools, Citizens Bank and U.S. Bank, Old Country Buffet, Office Max, supply constrained student MC Sporting Goods, Famous Abbot House effectively managing a smooth housing markets, making transition for the tenants during the Footwear and a Secretary of State sale of the real estate owned asset. branch office. ■ the properties strong “Our ability to coordinate multiple investments. commercial real estate services “Our ability to coordinate ~ Van W. Martin, CCIM, SIOR, CRE through a single provider was key,” multiple commercial real Two properties from the original said Robert Porter, Vice President of estate services through a Citizens Bank. “CBRE successfully portfolio remain available, including positioned the asset in the single provider was key.” Abbot Manor Apartments (28 5 marketplace while managing every units/49 beds) and a duplex on ~ Robert Porter, Vice President of Burcham Drive that is licensed operational detail. Their investment Citizens Bank The Dean Apartments for six. ■ Quick Turn Around for Distressed Breton Mall reton Mall is a 31,170-square-foot Bcommunity center Burcham Pointe Abbot Manor located near the corner of 44th Street and Breton Road SE in Kentwood. Shadow anchored by Horrocks, the property within just two months, and Multi-Housing Receivership, Management center is home to long-time tenants the property sold in just over four Family Dollar and Asian Market, months. and Sale and has enjoyed a history of stable BRE’s Grand Rapids asset The property was 72% occupied at occupancy. services and brokerage the time of closing. Senior Real Estate Manager Michael Carms once again worked Martz led the CBRE asset services In my experience with in tandem to manage and sell team that provided professional Center Court Apartments in management services for the multiple receivers, CBRE is Lowell. property. When the property became without reservation one of The five-building, 40-unit distressed, PNC Bank naturally the best. apartment complex had been taken requested CBRE act as the court back by the lender, with CBRE Previously struggling, appointed receiver. As receiver, in ~ Peter Cronk, Attorney, Plunkett & appointed as both receiver and under CBRE’s management addition to managing the mall, Cooney property manager. As receiver, CBRE Center Court Apartments CBRE was engaged to market the “CBRE has an excellent reputation was instructed to market the property property for lease and for sale, with as a top notch receiver in court for sale. averaged 90% occupancy. appointed receiverships, said Peter Vice President/Retail Advisor Robert Senior Real Estate Manager Michael Lotzar spearheading the marketing Cronk, attorney for PNC Bank. “In my Martz, LEED AP, managed day-to-day Meanwhile, Vice President and Retail experience with multiple receivers, efforts. operations of the apartment complex, Advisor Robert Lotzar aggressively CBRE is without reservation one CBRE kept the operating expenses in including securing lease renewals marketed the property to qualified of the best. CBRE assumes control check while maintaining the overall and completing several new tenant real estate investors. The response of the subject property quickly, curb appeal of the property, allowing leases. Martz also coordinated was overwhelming, with more provides excellent management and the property to retain its stable repairs and improvements to several than a dozen letters of intent to control under difficult circumstances, tenant base during the down market vacant apartments to prepare them purchase received, allowing the increases value when possible, and period. Meanwhile, Lotzar secured for lease. At the time the property lender opportunity to be selective in sold the property for a fair return an acceptable offer to purchase the went to sale, occupancy had risen accepting an offer. ■ to creditors.” ■ to over 90%.

CBRE Services Clients Across the Globe CBRE Lands 40,000 SF of Office Space for BRE’s global reach means that Our corporate and institutional clients it is one of a few real estate enjoy a collaborative partnership Aircraft Parts Manufacturer Cfirms capable of handling with a dedicated CBRE account n a joint venture with a Chinese sophisticated real estate transactions team that not only manages the aerospace manufacturer, a major for large multinational corporations. process, but advises our clients on Iaircraft parts manufacturer will The CBRE Corporate Services model global client strategies/consulting, be fulfilling a government contract provides clients with our fullest transaction management, portfolio to engineer a Chinese narrow body range of capabilities and administration services, project commercial jetliner in Cascade services, which equates management, and facility Township. The manufacturer is The client needed 40,000 square to greater value add management. a world-leading provider of jet feet of office space within proximity potential, a benefit Our local CBRE offices engines, components and integrated to, yet separate from, their existing that is realized by fulfill multi-market systems for commercial and military office and lab space to house over 300 corporate client needs across aircraft. 200 employees. clients, including 80% the nation and As a corporate services account, The Class A building at 5537 of the Fortune 100 as around the globe. In the client’s real estate needs are Glenwood Hills at the corner of well as educational the past year alone, coordinated through a single point 28th Street and Kraft Avenue fit their institutions; federal, we have serviced our of contact, Brent Woodruff of the needs perfectly. CBRE Office Advisor state, county and city clients in 18 states Atlanta office. Nate Scherpenisse represented the public sector agencies; mid throughout the country as landlord, and worked to relocate two The client’s space requirement was cap companies; healthcare industry well as in Puerto Rico, India, Italy, tenants to accommodate the client’s in West Michigan and needed to be clients and banking industry clients. Switzerland, Israel and Canada. ■ needs on two contiguous floors. filled quickly. Woodruff reached out to Drew Miller and Robert Horn, Despite the need to reconfigure SIOR, both whom he had previously space, CBRE was able to locate CBRE Completes the Largest Office Lease engaged on various assignments for suitable office space, negotiate the client, for immediate assistance acceptable terms and accomplish 6 with site selection and tenant the move within two months of Ever in Suburban Philadelphia representation services. receiving the assignment. ■ BRE Director of Corporate Services CJeff Cutler, along CBRE|Martin Coordinates Tampa with his CBRE colleagues, completed the largest office lease ever in Headquarters Relocation suburban Philadelphia, BRE recently assisted INVEST Pennsylvania on behalf Financial Corporation of The Dow Chemical C(INVEST), a subsidiary of Company (Dow). Jackson National Life Insurance Under the terms of the Company (Jackson), in the transaction, Dow will lease relocation of their existing Tampa, Florida headquarters. As the single approximately 750,000 square feet 1963 (Dow acquired Rohm & Haas Park Lane in Tampa. The long- point of contact for Jackson’s of office and laboratory space within in 2009). Recognizing the potential term lease will provide INVEST brokerage needs, CBRE Senior Vice a 1.9 million-square-foot corporate of the Collegeville site as a strategic with up to 40,000 square feet of President and Office Advisor Eric F. research and development campus alternative to a costly renovation, well-appointed space within a two- in Collegeville, Pennsylvania, a Cutler presented the property to Rosekrans, CCIM, CPM coordinated building development currently suburb of Philadelphia. The facility Dow. The opportunity was a match, tenant representation services on under construction. The new space will also have room to accommodate and Dow aggressively began its behalf of INVEST. will not only accommodate INVEST’s potential job growth in the future. due diligence. The lease was signed INVEST, a financial services broker- current needs, but will allow for within 11 months. This significant transaction combined dealer with investment professionals future growth as well. CBRE’s strategic insight, proprietary Dow scientists will begin operations nationwide was facing the upcoming Fourth quarter occupancy is planned. ■ market knowledge and powerful in Collegeville later this year in expiration of their existing lease, the state-of-the-art research and platform to conceive, create and and the 30,000-square-foot space Once again, CBRE was development facility now referred to execute this distinctive transaction. In they occupied was not able to as Dow’s North East USA Technology accommodate the company’s able to respond to a domino effect of collaboration, Tom Center. Sullivan—of CBRE’s East Brunswick, expected expansion. Jackson’s real estate needs “This premier new location provides New Jersey office and a member Rosekrans teamed with tenant Dow’s world-class researchers with with the superior level of of the CBRE Life Sciences Group— representation specialist Jack a new collaborative and innovation Hoskins of the CBRE Tampa office service delivery we have identified it as a potential opportunity centric space, enhanced capabilities for Dow. Sullivan immediately and best in class tools to create to assist INVEST with the site selection come to expect. reached out to Jeff Cutler, who serves process on the ground in Florida. differentiation for our customers,” We are pleased with the as Dow’s single point of contact for said Andrew N. Liveris, Dow’s Hoskins toured the possibilities with brokerage transactions. chairman and chief executive INVEST, with requests for proposals outcome, and look forward At the time, Dow was contemplating officer. “Establishing operations solicited from the top five alternatives to the upcoming relocation the renovation of its existing in Collegeville will allow us to for INVEST’s consideration. campus in nearby Spring House, remain competitive in a global INVEST ultimately elected to of our Tampa offices. market and continue as a major Pennsylvania, which had served as lease space within Citrus Park ~ Dennis Blue, Vice President, employer in Montgomery County, a center for strategic research and Crossings—a permit ready 17.68- Corporate Support Services, and Pennsylvania.” ■ development for Rohm & Haas since acre development site on Citrus Jackson National Life Insurance Company

Scott Kotrch has CBRE joined the firm as an Associate/ Professionals Retail Advisor in the News Nicole DeMarco has Todd M. Kosta has joined the firm as a rejoined the firm Marketing Assistant/ as an Associate/ Receptionist Retail Advisor and Corporate Services

Tricia Foster, ACoM®, Chris Lee has CPM® earned been promoted her Associate to Assistant Real Broker license Estate Manager

Rachel Harrison Casie Pickle has has joined the firm achieved the LEED as an Asset Services Green Associate Accountant designation

Stephen Hershfield Jeff Ridenour has has joined the firm joined the firm as as an Associate in an Associate in Corporate Services Brokerage Services

Kim Jamieson has Dan VanKalker joined the firm as has joined the firm an Administrative as an Associate/ Assistant Industrial Advisor

Mid-Michigan Office: 1111 Michigan Avenue, Suite 201, East Lansing, MI 48823; Phone: 517.351.2200; cbrelansing.com West Michigan Office: 634 Front Avenue NW, Suite 550, Grand Rapids, MI 49504; Phone: 616.831.2200; cbregr.com A SAMPLING OF WEST MICHIGAN LISTINGS Office Space Industrial Space For all your office space questions call Nate Scherpenisse. For all your industrial space questions call Drew Miller; Robert L. Horn, SIOR SOUTHEAST SUBMARKET SOUTHWEST SUBMARKET or Dan VanKalker. SOUTHEAST SUBMARKET LAKESHORE

5555 Glenwood Hills Pkwy. Dr. SE, 1761 Airport Court, Holland 123,211 SF manufacturing/distribution site for sale adjacent to Grand Rapids 3,770-15,080 SF class A space 2969 Prairie St. SW, Grandville 14,794 SF 4450 36th St. SE, Kentwood Up to 186,540 the airport. Formerly occupied by Perrigo. 10 docks/ for lease. Convenient to I-96, M-6 and Broadmoor. building for sale with 1,397-7,391 SF for lease. Located SF of manufacturing/distribution space for sale or PENDING just east of Ivanrest Ave. SW. lease. 21-30” ceilings, 17 dock doors and heavy doors, 26’ ceilings, heavy power. power. Located two miles from the airport. MARNE

5800 Foremost Dr. SE, Grand Rapids Up to 21,176 SF for lease or sale and adjacent parcel with 3050 Ivanrest Ave. SW, Grandville 1,828 4310 Roger B. Chaffee Memorial Dr. SE, 25,600 SF build to suit opportunity on 1.89 acres. SF professional or medical office for lease just south Wyoming 14,600 SF suite (7,264 office/7,336 SF Located just east of the 28th St. and I-96 interchange. of the 28th St. SW and Ivanrest Ave. SW intersection. 1379 Comstock, Marne Former lumber yard warehouse) in quality warehouse/distribution/ with 71,732 SF heated space and additional 21,346 549 OTTAWA NW NORTHBROOK OFFICE PARK service facility. 20’ ceilings, 1 dock and 1 grade level SF storage buildings. Located less than one mile door. Located in the Kent Industrial Park just north from the I-96/Marne interchange. SPACE FOR LEASE SPACE FOR LEASE of 44th St. SPARTA

Orchard View Center, 1495-1535 N. Monroe Downtown Loft Space 2922, 2940, 2944 Fuller Ave. NE, 6090 Alden Nash SE (M-50), Alto 4,640 Grand Rapids Grand Rapids SF available for lease in 6,000 SF building includes 10 Mile Road NW, Sparta 1,721-3,862 SF available for lease in 3-building 26,277 SF assem- • Suites available from 1,719-6,361 SF • 636-12,000 SF in beautiful campus setting 480 SF office, 13’8” ceilings, 2 overhead doors, 400- blage at NW corner of M-37 and 10 Mile Road in • Close to parks, restaurants and shops • Renewal options available amp, 480-volt, 3-phase power and 5-ton crane. Close to I-96 , downtown Alto and Lowell. Sparta Township. • Professionally managed by CBRE • On-site management • Other tenants include Williams & Works, • Located in SE quadrant of I-96 and NORTHEAST SUBMARKET NORTHWEST SUBMARKET

PEACHRIDGE AVE Gemini Corporation, MDX Logistics Plainfield SITES Call Nate Scherpenisse. Call Nate Scherpenisse. NORTHRIDGE AVE

Retail Space 96 306 Reed St., Belding 149,250 SF Class A For all your retail space questions call Robert Lotzar or Scott Kotrch. food grade warehouse for sale with up to 50,000 SF 3054-3110 Northridge Dr. NW, Walker SOUTHEAST SUBMARKET SOUTHWEST SUBMARKET for lease. 15 dock doors, 4 overhead doors and 17’- Four industrial parcels from 3-13 acres, all utilities to 32’ ceilings. Former Indian Summer warehouse just sites. Easy access to I-96 and all areas of greater 8 northeast of Grand Rapids. Grand Rapids. Village Inn Plaza, 1633 28th St. SW, KEELER KENTWOOD MANUFACTURING/ Wyoming 1,950 SF for lease with plenty of DISTRIBUTION COMPLEX FOR LEASE parking and desirable tenant base, including China 2929 32nd St., Kentwood 3618 Burlingame Ave. SW, Wyoming ALPINE Buffet, Verizon and BoRics. Convenient access from 2,000-6,000 SF for lease in this former Blockbuster. • 25,000-475,000 SF industrial space and 131 NORTHVIEW 28th St. and Burlingame. COMSTOCK Ample parking. SE corner of 36th and Burlingame. up to 23,400 SF office space PARK NORTHWEST SUBMARKET • 24-31’ ceilings 4360 Remembrance • Up to 21 dock doors 131 REMEMBRANCE RD NW • Up to 4 overhead doors • Fiber optics 196 Rd. NW, Walker 1.0- WALKER CBD • 30’x30’ column spacing • Heavy power acre site for sale on lighted 196 intersection across from • Wet sprinkled • 6” gas lines

28th St. SE 32nd St. SE WILSON AVE NW AVE WILSON city offices. Easy access to • 4,800 PSI floor load capacity • 4-6” water lines Grand Central Plaza, 2035-2055 JENNISON I-96 at the SW corner of • Compressed air available SITE M 37 28th SE, Grand Rapids High profile strip RIVERTOWN 131 Gerald R. Ford Wilson and Remembrance. CROSSINGS International Airport M • Submetered electricity and natural gas 6 center with 317-3,700 SF for lease. Join Buffalo Wild M M 6 6 Wings, Hobby Lobby and Rent-A-Center. Just east of RESTAURANT OPPORTUNITIES Call Robert Horn, SIOR or Drew196 Miller Kalamazoo Ave. and the Woodland Mall corridor. 2183 East Beltline Ave. NW, N. of Knapp BYRON CENTER St. for sale. 6,150 SF building with 217 SF cooler. Investment Opportunities Located on high profile 1.4-acre site near Celebra- tion Cinema, Buffalo Wild Wings and Chili’s. White Lake Centre 3271 Colby Rd., Whitehall 677 Laketon Ave., • 76,098 SF grocery-anchored 3-building community 54th Street Plaza, Kentwood Up to 7,866 SF Muskegon 3,400 SF shopping center for lease in high profile strip center with plenty of W. Laketon Ave. facility on .45-acres for sale • Located near US-31/Colby Rd. interchange and Alcoa, parking, shadow anchored by Big Lots. Large pylon SITE located at lighted intersec- the county’s largest employer Seaway Dr. • 16-acres with large paved parking lot 31 signage. Located at the intersection of 54th St. and 31 tion of Laketon and Seaway Whitehall Division Ave. Dr. (US-31). • Major tenants include Plumb’s supermarket and Rite-Aid COLBY RD. Call Robert Lotzar BRETWOOD CENTER HIGH PROFILE STRIP CENTER FOR LEASE BUSINESS OPPORTUNITIES ADJACENT BED & BREAKFAST 701 68th St. SW, Byron Center BUILDINGS ON HISTORIC MACKINAC ISLAND • 1,100-8,173 SF for lease Pine Cottage, 1427 Bogan Lane • High profile 70,819 SF strip center with vast • 13,650 SF building amounts of parking, anchored by Spectrum • 14 unique victorian rooms, private apartment Health and Ross Medical Education Center that sleeps 10 and owner’s residence • The 9-acre site offers high profile signage on Chateau Lorraine, 1432 Bogan Lane both 44th Street and Breton Road, no major • 4,800 SF building Breton Meadows obstructions, and easy ingress and egress • 10 unique victorian rooms, 4 of the bedrooms • Located just south of 44th Street on the 44th St. SE are private suites with bathrooms east side of Breton, across from Horrocks • Sites are located in popular victorian tourist Breton Rd. SE and north of Kentwood offices and the new Breton Rd. SE Bretwood destination only one block from Main St. and Kentwood District Library Center Breton close to the marina Call Robert Lotzar Mall Call Scott Kotrch www.cbre.com/bretwoodcenter www.cbre.com/mackinacisland

For all your office space questions call Eric F. Rosekrans,CCIM, CPM; Thomas Jamieson; Lisa Allen Kost or Jeff Ridenour. CLASS A OFFICE SPACE CORPORATE PLACE Office Space FOR LEASE ADJACENT TO MSU CAMPUS CENTRAL BUSINESS DISTRICT 1111 Michigan Ave., East Lansing • Completely renovated three-story, 52,000 SF Class A office building • 5,895 SF suite available first quarter 2014 4440 S. Hagadorn, Okemos 18,161 SF total • Garden level employee lounge with flat screen • Walking distance to MSU including the Kellogg 13,620 SF office, 4,541 SF warehouse space for lease TV, seating and kitchen Lansing State Journal Building, 120 E south of MSU near Mt. Hope and Hagadorn. Hotel & Conference Center; Breslin Student • Professional space planning services available Events Center; Brody Cafeteria; Spartan Lenawee, Lansing 71,000 SF landmark building • Secure suites with electronic building access Stadium and Munn Ice Arena for sale includes 14,400 SF warehouse and parking for after-hours • Immediate access to the interstate system via 185 vehicles. • 175-space private parking lot with gated access US-127/I-496 and convenient to East Lansing, directly onto MSU campus Sparrow Hospital and the capitol building Call Van W. Martin, CCIM, SIOR, CRE 2425 E. Grand River Ave, Lansing, 3,335 ONE MICHIGAN AVENUE BUILDING SF of high-grade class A space available for lease. 120 N. Washington SQ., DOWNTOWN LANSING Conveniently located near Frandor Shopping Center 208 N. Capitol, Lansing 5,000-8,888 SF for and Eastwood Towne Center, minutes from down- • 157,548 SF 10-story, Class A office building with up to lease located across the street from the State Capitol. town Lansing and MSU campus. 4,810 SF for lease • Common conference room available on second floor . • White linen dining and banquet facility available on site at Troppo restaurant • Located in the heart of the CBD on the corner of Michigan and Washington Square The Business Center 2500-2510 Kerry Call Eric F. Rosekrans, CCIM, CPM or Thomas Jamieson 117 East Allegan, Lansing 4,200 SF second St., Lansing Up to 3,647 SF for lease off Lake www.cbre.com/onemichiganave floor, loft type space for lease on Allegan just west Lansing across from Eastwood Towne Center. of Grand Ave. WEST SUBMARKET DOWNTOWN ICON Space for Lease FOR LEASE Okemos/I-96 EXIT Boji Tower 120-124 West Allegan Downtown, Lansing • Up to 1,463 SF available Penn Building-1115 S. Pennsylvania, Capitol Commerce Center, Lansing Up to in downtown landmark Lansing Up to 6,148 SF for lease just south of I-496 10,527 SF available just off the I-496/Creyts Road building at the northeast on Pennsylvania Avenue near downtown Lansing. Interchange. corner of Allegan and Capitol. University Commerce Park, Okemos • Prestigious class A space • Suite sizes up to 11,497 SF with large expanses of • Some spaces are in move-in condition windows, and beautifully • Flexible lease term arrangements redecorated conference • Renewal options available rooms • Professional space planning available 700 N. Washington, Lansing 5,180 SF 7335 Westshire, Delta Twp. Up to 2,842 Call Eric F. Rosekrans, CCIM, CPM or Call Lisa Allen Kost or Jeff Ridenour building and two parking lots for sale on the corner Thomas Jamieson 9 SF for lease just south of Saginaw Hwy. and east www.cbre.com/universitycommercepark of Washington and Saginaw across from LCC. of Canal. www.cbre.com/bojitower EAST SUBMARKET Space for Lease High profile OFFICE Okemos/I-96 EXIT PARK FOR LEASE Park Place Business Center, East Lansing 7050 W. Saginaw, Lansing 18,584 SF office •Three-building building for sale with 2,455-10,589 SF available for office park with lease on Saginaw near I-96. 2929 Covington Ct., Lansing 7,642 SF The Woodlands, Okemos 3,500-7,468 SF office building for sale with up to 3,722 SF available • Suite sizes up to 4,649 SF space available for lease just west of US-127 in Lansing Township. • Some spaces are in move-in condition • Near US-127/ Lake Lansing Road in the • Modern, professionally managed, handicap fastest growing office sector in Mid-Michigan accessible buildings • Generous build out allowance and renewal • Professional space planning available options available 4710 West Saginaw, Lansing 1,640 SF • Plenty of door step parking • Plenty of on-site parking suite for lease located 1/4 mile east of the Lansing Call Eric F. Rosekrans, CCIM, CPM or Mall and two miles from I-96. Thomas Jamieson Call Eric F. Rosekrans, CCIM, CPM 3515 Coolidge Rd., East Lansing 900- www.cbre.com/thewoodla www.cbre.com/parkplace 3,728 SF high profile office space for lease just south of Coleman Rd. VERNDALE OFFICE PARK OFF St. Joseph HWY. Near creyts & I-96 One of Mid-Michigan’s finest office parks with on-site professional management. This prestigious six-building 3001 W. Main, Lansing 25,256 SF building office park is home to Auto-Owner’s Insurance Company, for sale with 3,000- 25,256 SF for lease off Lansing Hewlett-Packard and more! Rd. close to the I-496 interchange. University Place-333 Albert St., East • Up to 7,744 SF for lease • Easy access to

Lansing Up to 4,603 SF for lease at the intersec- SOUTHSUBMARKET • Renewal options available St. Joseph Hwy., tion of Albert and M.A.C. Ave. • Negotiable suite build out Creyts Rd. and I-496 with professional space • Close to Lansing Mall planning available and active West Saginaw • Plenty of door-step retail corridor parking Call Eric F. Rosekrans, CCIM, CPM Innovation Tech Center, Lansing 6,000- 4166 Legacy Parkway, Lansing 10,500 SF www.cbre.com/verndale 15,120 SF of flex space for lease off of Collins Rd. building for sale with 2,500-10,500 SF for lease off near the Dunckel Rd./US-127 interchange. Jolly Rd. near the Dunckel/US-127 interchange.

4050 Hunsaker St., East Lansing Entire 5700 Executive Drive, Lansing 9,523 SF Edgewood Tech Center-111 W. Edge- building of 12,360 SF of office space is available with multi-tenant office for sale or lease. Plenty of wood Blvd., Lansing 2,800-14,033 SF for 801 Center Building - 801 S. Waverly, Lan- suites sized as little as 1,500 SF for lease. Located off doorstep parking. Easy access to I–96/Cedar St. lease on Edgewood Blvd. Near I-96, across from sing Up to 6,552 SF for lease on Waverly Road just Chandler Rd. just north of Coleman Rd. interchange . Sam’s Club and Target. south of St. Joseph with immediate access to I-496

For all your retail space questions call Shawn H. O’Brien, CCIM; Amy Richter-Perkins or Todd M. Kosta. HASLETT VILLAGE SQUARE - HASLETT RD. & MARSH RD. Retail Space MID BOX AND INLINE RETAIL SPACE AVAILABLE CENTRAL BUSINESS DISTRICT WEST SUBMARKET • 1,065-4,050 SF in-line space and 37,806 SF anchor space in professionally managed retail center • Leasing incentives offered • Excellent exposure with high traffic counts in strong residential area 6334 W. Saginaw, Lansing 1,307-2,614 SF for lease with easy access from both Saginaw Hwy. • Join Haslett Redi Care, Hallmark, PNC Bank, Little Hollister Building 106 W. Allegan, Caesar’s Pizza, Famous Taco and others. Call Shawn H. O’Brien, CCIM; and Creyts Rd. Amy Richter-Perkins or Lansing Up to 1,035 SF for lease on Washington • Located just north of the Meridian Mall, Meridian Towne Square at Allegan. Todd M. Kosta. Centre, Target, Wal-Mart, Toys ‘R Us and more! www.haslettvillagesquare.com

2160 W. Grand River, Okemos JUST WEST OF THE MERIDIAN MALL 8741 W. Saginaw Hwy., Lansing 600, 1,200 & 3,300 SF suites for lease. On W. Saginaw, • 2,000 SF end cap retail space 405 S. Grand Ave., Lansing 1,440-2,990 SF just west of I-96, directly across from Art Van. • Recently completed landscaping renovation available for lease at the corner of Grand Ave. and SOUTH SUBMARKET • Front door parking Kalamazoo St. • High profile signage EAST SUBMARKET • Located less than ½ mile west of the Meridian Mall on busy Grand River Avenue just west of Okemos Road SITE MERIDIAN MALL • Join Subway, Cartridge World and BoRics in this well Grand RiverAve. 1957 S. Cedar, Holt 3,329 SF restaurant established high traffic retail center

lounge site for sale on .85-acres on Cedar St. in Holt. Call Amy Richter-Perkins or Okemos Rd. Todd M. Kosta. Jolly Oak Convenience Center, Okemos 1,536 SF suite for lease at Jolly & Okemos Roads. JOLLY-CEDAR PLAZA LOCATED AT ONE OF LANSING’S BuSIEST INTERSECTIONS 5128-5224 South Cedar, Lansing • 3,000-20,000 SF retail/service suites for lease • Available for immediate occupancy Mason Plaza - 556-558 N. Cedar, Mason • Excellent exposure with traffic counts exceeding 57,000 3000-3040 Vine St., Lansing 1,252-4,372 1,600-12,200 SF for lease in this Mason community vehicles per day shopping center. SF for lease at the corner of Clippert and Vine St. • Join Walgreens, O’Reilly Auto Parts, Pearl Vision and more! Call Amy Richter-Perkins or Todd M. Kosta. www.jolly-cedarplaza.com Woodland Square Shopping Center Haslett Shoptown, Haslett 924-1,050 SF ON JOLLY RD. NEAR THE OKEMOS/I-96 INTERCHANGE for lease at the corner of Haslett and Marsh Roads, 727 E. Miller Road, Lansing, 5,286 SF 2311-2339 Jolly, Okemos just north of the Meridian Mall. stand-alone restaurant/bar for sale on Miller Road • 25,319 SF well established shopping center with up to 10 directly across from Meijer. 2,600 SF for lease • Plenty of door step parking • Join Vine & Brew, The Shave, ASAP Printing, Backyard Barbecue, Delta Vision, Kim Nails 2 and Bell Title JH Business Center, Okemos Up to 5,750 SF • Near University Commerce Park, the Woodlands Office retail/office/light industrial/service space for lease on Park and the 320,000 SF corporate offices of Jackson Jolly Road directly across from Okemos High School. Call Amy Richter-Perkins 2230 Cedar Street, Holt 4-building, 8-unit National Life Insurance Company or Todd M. Kosta. mixed-use property for sale on prime corner at Cedar and Keller. HANNAH PLAZA NORTH SUBMARKET LOCATED NEXT TO MSU 4790 South Hagadorn, East Lansing • 900-5,000 SF anchor opportunity in well established 2221 University Park, Okemos 5,643 shopping center SF restaurant site on 1.43±-acres for sale at the Okemos Rd./I-96 interchange. • Located on the eastern border of MSU campus with a WEST SUBMARKET student population of over 47,800 students • Center tenants include Pizza House, Powerhouse Gym, 1,200 SF for Crossroads Center, DeWitt GNC, Jimmy John’s, San Su, Fed Ex and many more! lease located on busy S. US-27 just north of I-69. • Located on the corner of Hagadorn Rd. and Hannah JACKSON Blvd./Service Rd. Call Shawn H. O’Brien, CCIM or 4216-4222 West Saginaw, Lansing Amy Richter-Perkins. 860-1,965 SF for lease on W. Saginaw Highway at LANSING TOWNE CENTRE Thomas L. Pkwy. DIRECTLY ACROSS FROM THE LANSING MALL . 5503 W. Saginaw Highway, Lansing 916-966 N. West Ave., Jackson • 111,864 SF retail center with up to 2,000-4,500 SF 6,800 SF suites available for lease in Jackson’s for lease regional shopping corridor. • Located across from the Lansing Mall on busy Saginaw 4324 W. Saginaw Hwy., Lansing Suites of CHARLOTTE Highway between Target and Meijer 703 - 2,400 SF for lease located just west of Waverly • Approximately 2 miles from I-96/I-69 and I-496 Road, near the Lansing Mall. • Join ABC Warehouse, Office Max, Chuck E. Cheese, Game Stop, Qdoba and many others

Call Shawn H. O’Brien, CCIM or Amy Richter-Perkins.

1658 Lansing Road, Charlotte 1,440- ELMWOOD PLAZA 27,921 SF suites for lease available in Lansing Road LOCATED JUST EAST OF THE LANSING MALL 6540 Millennium Dr., Lansing Suites of 1,160- location with I-69 visibility. 852-936 Elmwood Drive, Lansing 2,825 SF for lease near the Creyts Rd./I-496 exit. • Suites from 810-18,650 SF available for lease • 0.95 acre pad site for sale • Easy access, plenty of parking and highly visible pylon signage on Elmwood Charlotte Plaza-515 Lansing Rd., Char- • Join NCS Pearson, DeltaVision Optical, Edward Jones and 5200-5210 W. Saginaw, Lansing 9,500 lotte 2,400-14,900 SF available. Located just south Oades Bar & Grill Call Shawn H. O’Brien, CCIM or SF for lease facing the Lansing Mall. of the I-69 interchange. Amy Richter-Perkins.

For all your industrial space questions call Julie O’Brien or Christopher Miller. MIDWAY INDUSTRIAL PARK WAREHOUSE 5601 Enterprise FOR LEASE OR SALE Industrial Space • 48,195 SF industrial building can be divided NORTH SUBMARKET • 16’ x 18’ ceilings and 25’ x 50’column spacing • 3 overhead doors and 4 dock doors • 3 phase, 440 volt power • Gas fired suspended heaters 2350 Jarco Dr., Holt 43,236 SF fully insulated • Partially sprinkled building JOLLY 127

ANIA E

NTERPRIS V warehouse and manufacturing facility for sale or • Conveniently located just two miles from two of the CEDAR 810 Filley St., Lansing Immaculate commercial S lease just north of Keller Rd. KEYSTONE E

market’s major highway systems (US-127/I-496) PENNSYL freezer space. 7,110 SF available with 18’ clearance, SITE

ANIA AURELIU 1 loading dock, 1 overhead door and office space. • Parcel size 2.78-acre MILLER V NE E Call Van W. Martin, CCIM, SIOR, CRE; TO N KEYS T

Option for removing the freezer and leasing as open AURELIUS Julie O’Brien or Christopher Miller. ER PENNSYL P RISE warehouse/office space for the right user. Located www.cbre.com/MidwayIndustrialPark near Bus 96 and Bus 27. WAREHOUSE, ASSEMBLY, Distribution SPACE Lansing Industrial Center, 2010-2120 2510 Snow Road LAnsing S. Washington, Lansing 5,000-60,000 SF for • 270,000 SF facility with 135,000 SF lease with easy access to I-496 and all area expressways. immediately available for sublease • Poured reinforced concrete foundation with 919 Filley St., Lansing 25,000 SF multi-ten- steel frame and insulated exterior metal siding ant industrial facility for lease. Suitable for a smaller • Metal roof over the warehouse and rubber user requiring 5,000 SF or a larger user requiring membrane roof over the office area 14,000-19,000 SF of contiguous space. Affordable • Fire protection fully sprinkled space in Lansing’s north submarket. 1501 Rensen St., Lansing For lease 3,000 SF Mt Hope Snow • 6” reinforced concrete floors SITE building includes (1) 12’ overhead door, 9’-14’ GM Waverly • Column spacing 60’ x 48’ and 60’ x 40’ Lansing Cranal ceiling heights. Close to US-127 and Jolly Rd. Delta • Clear ceiling height 22’- 24’ Assembly Millett Lansing Rd. EAST SUBMARKET • 23 dock doors (9’ x 10’) and 1 grade Plant Creyts level door The Summit 16020 S. Lowell Rd., Lansing Up to 141,700 • Located less than four miles from GM’s SF facility for sale on 10 acre site with 102,400 SF Lansing Delta Township and Lansing Grand for lease. Located just off Grand River near Capital River Assembly Plants Call Christopher Miller or Julie O’Brien. Region International Airport. 9609 Price Rd., Laingsburg 4,800 SF Development Opportunities warehouse with office space for lease or sale just east Sleepy Hollow State Park. WILLOW Located at the north- Samuel A. Combs Indus- west quadrant of I-96 trial Park, Charlotte FOR 5635 Commerce, Lansing 10,080 SF SITE 69 and W. Saginaw SITE SALE! 110-acres of great warehouse/distribution space for lease. Located off Highway, this site offers land available in the exceptional exposure with Keystone with easy access to and US-127. SAGINAW certified Combs Industrial 16429 Upton Rd. East Lansing Fully leased over 5,400’ of frontage on Park. GTW Rail available at 9,000 SF, three-unit, well maintained warehouse/ I-96 and 900’ of frontage on W. Saginaw Highway. southeast corner. Call Christopher Miller or office facility for sale located off of I-69 at Exit-94. This thriving retail and residential corridor is just two Julie O’Brien. miles west of the 1 million-square-foot Lansing Mall MERS Capitol Park, and directly across from the Marketplace at Delta Capitol 11 Commerce Delta Twp. 1.5-10 acre 4800 W. Grand River Ave., Lansing For Township. Strong demographics and high traffic Park condominium sites FOR volumes support destination retail, commercial lease or sale. 5,000 SF facility consists of a 3,900 Lexington SALE! Build to suit for lease Lansing SF cross dock warehouse located only 3 miles from outlots, office park, hotel and restaurant users. Hotel also available. Zoned office. I-69/I-96. Call Shawn H. O’Brien, CCIM. Join Municipal Employees’ 1870 Grand River, Okemos 1,056-9,856 SF www.cbre.com/deltatowncenter Retirement System in this prestigious business hub air conditioned warehouse space on Grand River just off the I-496/Creyts Road interchange in Delta Avenue for lease located close to Meridian Mall with US-127 & Lake Lansing FURTHER Twp. Call Eric F. Rosekrans, CCIM, CPM or Thomas plenty of parking. Interchange PRICE REDUCTION! Up to Jamieson. www.cbre.com/mers 2244 North Grand River, Lansing 10,050 WEST SUBMARKET ±27.3 acres available at SF open span warehouse, manufacturing and Meijer For Sale! 4.19± acre high profile site ready for Ave.

ia 4.19-acre site at the I-96 & distribution facility for lease located near airport n immediate development. SITE Pennsylvania Avenue/ with easy access to all major area highways. Located in booming retail nsylva

Pen Cedar St. interchange 6745 W. Grand River corridor along US-127. All utilities to site. B4- To: Located directly across rancis F Commercial zoning allows for most retail, office and 96 Ave., Lansing commercial/ from Meijer. Electric and 69 425-431 N. Rosemary Ave., Lansing Grand Ri industrial development in- service users. Close to Eastwood Towne Center with ver Bus. For sale 9,000 SF garage including 300 SF office gas on site. Existing Brownfield credit available to cludes 1,700 SF office build- excellent exposure to US-127. Call Van W. Martin, SITE situated on 0.46 acres located between Saginaw St. new owner. Call Shawn H. O’Brien, CCIM. CCIM, SIOR, CRE. 96 ing and a 1,800 SF storage www.cbre.com/westandcoleman 96 Center Pointe Park, and Michigan Ave. I-96/Grand River, building on 11-acres. Located 96 GRAND RIVER AVE. Corner of Lansing and AM

interchange lots, Creyts on Grand River just east of the I-96/I-69 interchange. ER g Rd. ICAN WAY 69 Creyts Roads, Dimon- Portland FOR SALE! Sites Lansin CUTLER RD. dale FOR SALE! 70 acres SOUTH SUBMARKET on American Way with SITE zoned B-2, Highway Service. visibility from I-96 near the 96 56-Acres Highly visible expressway former Vollman Ford with 1340 S. Waverly, Delta Township 40,000 interchange parcel. State of Michigan offices, GM lots from 1.1-7.03 acres SF for lease located just south of I-496 at Waverly Delta Twp. Plant, Meijer Midwest Distribution Center, 8,750 SF open floor available. Also available lots from 1.5-56 acres just Alpha Access, Lansing Rd. and Lansing Rd. nearby GM’s Lansing Delta Coca-Cola Bottling Company of Michigan and Auto plan facility for sale or lease. Located across from south of the I-96 Portland interchange on Grand Township Assembly Plant. Owners Insurance in proximity to site. Other McLaren Greater Lansing Hospital, just south of River Ave. Lots available with frontage on Grand surrounding users include restaurant, hotel, motor I-496 and just west of US-127. CHARLOTTE River and Cutler Rd. Currently zoned agricultural, sport and furniture retailers as well as Aim High master planned for mixed-use development. Call basketball facility. Call Shawn H. O’Brien, CCIM. Shawn H. O’Brien, CCIM. COOLIDGE PARK 4924 Contec Dr., Lansing 14,500 SF on 1.16 1215 Lipsey Dr., Charlotte 60,000 SF HIGH VISIBILITY CORPORATE OFFICE SITES acres for sale or lease including 7,125 SF climate food grade licensed, distribution or manufacturing • 1-50 acre sites ready for immediate controlled lab/warehouse located north of Jolly facility for lease in the Combs Industrial Park. development between Pennsylvania and Aurelius. OWOSSO • Prime highway frontage with great visibility • Located within 10 minutes of Capital Region International Airport via State Road • Home to Michigan State University Federal Credit Union and Mercantile Bank financial 4915 Contec Dr., Lansing 6,667 SF office 1370 E. South St., Owosso 28,700 SF center with lab space and attached warehouse for lease former manufacturing facility on 6.2 acres for sale or • Planned roads will provide convenient or sale. North of Jolly between Pennsylvania and lease. Located in Owosso’s Southeast Industrial Park accessibility to surrounding developments Call Van W. Martin, CCIM, SIOR, CRE. Aurelius. near M-52 and downtown Owosso. • Near Eastwood Towne Center www.cbre.com/coolidgepark

Mid-Michigan Office: 1111 Michigan Avenue, Suite 201, East Lansing, MI 48823; Phone: 517.351.2200; cbrelansing.com West Michigan Office: 634 Front Avenue NW, Suite 550, Grand Rapids, MI 49504; Phone: 616.831.2200; cbregr.com East End Bringing Statewide Attention CBRE|Martin Services 119 N. Washington to Downtown Midland Square with Integrated Management and urrently under construction, Leasing Services East End is a four- C BRE is pleased story, 212,612-square- to announce our foot mixed use partnership with 119 development in the heart C N. Washington Square of downtown Midland. as the property’s exclusive As the name implies, management and leasing agent. East End is located on Developers Gillespie Group and the east end of downtown, directly Caddis Development Group are Located at the corner of on site in their 25,000-square-foot across from the Dow Diamond targeting a LEED Silver rating from Washington Square and Ottawa space. In addition, CBRE Associate baseball stadium, home of the Great the U.S. Green Building Council for Street, the four-story, 40,445-square- and Office AdvisorL isa Allen Kost Lakes Loons. the project, which is expected to be foot building offers convenient access recently negotiated a 1,800-square- to the best of downtown Lansing As the exclusive management completed by early 2014. foot lease with Flex City, which offers and proximity to an abundance of and leasing agent for the project, personal training and body sculpting public parking. The state capitol CBRE|Martin will team with It only made sense to classes. More than 99% of the building, city offices, district court CBRE|Grand Rapids and CBRE, office space within the building partner with CBRE for and Radisson Hotel are all located Inc. in a concerted statewide is now leased. within a block, with a wide variety marketing effort. management and leasing.” CBRE provides complete property of nearby dining options to choose management, marketing and Floors 2-4 are comprised of office ~ Pat Gillespie, President, from as well. Gillespie Group engineering services for the space and completely pre-leased, 119 N. Washington Square is home property, access to all of which is providing an established and captive “This is an incredible development to the Lansing Art Gallery and available through an integrated customer base with 700± daily that we are proud to be a part of,” Lady Aitch Designs, and CBRE Axis portal website, enabling employees on site. On the first said Pat Gillespie, President of Senior Vice President and Office owners, managers, brokers and floor, 2,000-11,000 square feet Gillespie Group. “To ensure success Advisor Eric F. Rosekrans CCIM, tenants to more efficiently manage of restaurant and retail space is for the Midland Community, it only CPM recently negotiated a long- their respective tasks 24 hours a day, available. made sense to partner with CBRE term extension for the Downtown seven days a week. ■ In addition to drawing crowds for management and leasing.” YMCA Wellness Center to remain 119northwashingtonsquare. from games at Dow Diamond, Kevin McGraw, President of Caddis axisportal.com East End is located within walking Development Group, added, “We distance The H Hotel and Conference are very proud of this dynamic Center and nearby attractions development and we want to make Local Market Knowledge. Worldwide Reach. including Dow Chemical Founder’s sure the community is too. With ore than just a catchy (CBRE EA), an independent research Garden and the Midland Area CBRE, we gain a level of service that tagline, “Local market firm owned by CBRE, CBRE EA is Farmers Market. Building patrons is needed to ensure our pride carries Mknowledge. Worldwide the premier provider of research will enjoy on-site parking and on as we transition from construction reach.” is CBRE’s commitment services to owners and investors in convenient public transportation to operation.” ■ to capitalize on our position as the U.S. and Canadian commercial as well. www.midlandeastend.com the largest commercial real estate real estate markets. services provider to capture, analyze CBRE EA’s research services are ® and interpret market data to create developed upon a rigorous, $ Investment Knowledge 12 TWO MEN AND A TRUCK and solutions for clients. proven academic foundation CBRE invests heavily in using sophisticated data CBRE|Martin: Preferred Partners research—at the global, STRATEGY processing and modeling regional and local Market Intelligence techniques and leverag- levels—producing not ing progressive techno- BRE has been named the equipment/ FORECAST & ANALYSIS preferred tenant repre- professional only standard market logies to exploit the sentation services provider health care information (vacancy, MAXIMIZE RETURNS/MANAGE MARKETRISK DATA data and vast local C ® Multi-Housing for TWO MEN AND A TRUCK / provider rents, sales volume, Office Industrial Retail Hotel knowledge of CBRE. INTERNATIONAL, Inc.’s franchisee offices, and etc.), but interpretative pieces that With its staff of highly expansion across the globe. educational highlight the depth of our expertise. qualified economists, CBRE EA CBRE researchers collaborate with assists clients in achieving maximum TWO MEN AND A TRUCK® offers institutions. local professionals possessing in- returns while managing risk in commercial space users a full The ongoing partnership between depth knowledge of their markets or commercial real estate. spectrum of business moving services CBRE and TWO MEN AND A TRUCK® specialized areas. The combination So whether you are looking for ranging from internal office moves is a benefit to CBRE clients as well. of macro and micro expertise enables local market statistics, following to the relocation of hundreds of As a preferred vendor for moving us to produce thoughtful insights global trends, or researching employees and office furniture across services, CBRE clients can take that we translate into competitive investment strategy, CBRE can put town. Their movers are trained to advantage of relocation expense advantages for our clients. the information, analysis and serve professional offices, hotel/ savings through preferred client insight of the world’s leading motel installations, retail stores, pricing for business moving services Complementing the CBRE commercial real estate company government offices, hospital/medical around the globe. ■ Research knowledge base is CBRE Econometric Advisors at your fingertips. ■ Visit us on the web at www.cbrelansing.com or For up to the minute updates Green Tip www.cbregr.com and join our mailing list to register follow us: to receive future editions of our News & Views and @CBREGrandRapids Help CBRE go green! MarketViews in electronic format. @CBREMartin

CBRE “News & Views” is published periodically by CBRE|Martin, 1111 Michigan Avenue, Suite 201, East Lansing, MI 48823. Additional copies or permissions may be obtained by contact- ing Veronica LaBar, Vice President of Marketing, at 517.351.2200. CBRE |Martin and CBRE |Grand Rapids are part of the CBRE affiliate network. © 2013 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. It is subject to correction of errors, omissions, prior sale or lease, or withdrawal from market without notice. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

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