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Introducing 5498 Crooks Road, Troy, Michigan Now Available | 17.43 Acres Build to Suit Property Highlights

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Introducing 5498 Crooks Road, Troy, Michigan Now Available | 17.43 Acres Build to Suit Property Highlights TROY EXECUTIVE CENTER INTRODUCING 5498 CROOKS ROAD, TROY, MICHIGAN NOW AVAILABLE | 17.43 ACRES BUILD TO SUIT PROPERTY HIGHLIGHTS 17.43 ACRES UP TO 400,000 SF EXCELLENT I-75 AVAILABLE OF TECHNOLOGY VISIBILITY WITH AND RESEARCH UNPARALLELED SIGNAGE LOCATED AT THE CORNER CITY OF TROY BUILD TO SUIT: OF I-75 & CROOKS ROAD OPEN TO CORPORATE WITH IMMEDIATE ACCESS VARIETY OF HEADQUARTERS, TO I-75–OWNERSHIP PROPOSED USES OFFICE, R&D WILLING TO DIVIDE PARCEL 3 LOCATION IS EVERYTHING Approximately 20 miles north of downtown Detroit lies Troy, Michigan, one of the largest cities in Michigan and home to a large concentration of office buildings and corporate users. I75 ACCESS CROOKS ROAD TROY EXECUTIVE CENTER Troy is in eastern Oakland County and is often ranked as one of the most affordable places to live in the state. The high-end Somerset Collection Mall is in Troy, as is Oakland Mall. Big Beaver Road, the city’s main commercial thoroughfare, cuts through the heart of Troy, bisecting the city into two distinct office micro-markets, North and South Troy – while nearby I-75 cuts through Troy and provides easy access to downtown Detroit and the rest of the metro. The city boasts a median household income is $99,453 and an estimated population of 85,000. Troy is known as one of the safest communities in Michigan. Troy is a popular destination for the automotive and financial industries. Major companies with a presence in the area include Altair Engineering, Bank of America, PNC Financial Services, Flagstar Bank, Magna Powertrain, Meritor, JD Power and Associates, and previously Kmart (HQ). Troy’s office market consists of approximately 11.0 million square feet (17.5 percent of which is Class A space), making it the second-largest suburban submarket in metro Detroit. The overall market is 22.1 percent vacant as of Q1 2020, with average asking rents at $21.67 and $18.59 per-square- foot for Class A and Class B space, respectively. As the Detroit area and Southeast Michigan continues its resurgence, Troy will continue to be a focal point for the business and the auto industry. As economic growth carries on, the city will continue to position itself as a premier regional destination for business, entertainment, and development. 5 OAKLAND COUNTY FAST FACTS 1,000+ international firms from 39 countries 64 of the global 100 automotive OEMS 3,800 patents awarded to Southeast Michigan inventors & firms in 2013 Highest concentration nationally of graduates with engineering degrees 48% with bachelor’s/graduate/professional degree • 33% nationally 4,700 life science & health care businesses on medical Main St 1 of only 4 U.S. patent and trade-mark offices outside of Washington, D.C. in the region Air commerce accessible from Detroit Metropolitan Airport (DTW), Oakland County International Airport, Bishop International (FNT) No.OF TOP EMPLOYERS EMPLOYEES 18,261 12,848 8,476 6,368 5,630 4,880 3,557 2,646 2,578 2,000 source: Crains 2020 7 TROY EXECUTIVE CENTER FOR FURTHER INFORMATION A.J. WEINER Managing Director 248.581.3335 [email protected] BEN SCHRODE Senior Vice President 248.581.3325 [email protected].
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