Newmark Retained to Lead Sale of 757K-SF Office Portfolio Across Three States

Newmark has been retained to lead the sale of a fully leased, 757,000-square-foot office portfolio comprising five single-tenant properties located across Michigan, Ohio and South Carolina.

Newmark Capital Markets Executive Managing Director Jim Postweiler, Senior Managing Directors Derek Fohl and Peter Harwood and Associate Director Jack Trager of the firm’s Chicago office, in cooperation with local licensees, are leading the marketing efforts on behalf of the seller.

The assignment includes 15701 and 15951 Technology Drive in Northville, Michigan; 27360 Drake Road in Farmington Hills, Michigan; 2900 Easton Square Place in Columbus, Ohio; and 1041 E. Butler Road in Greenville, South Carolina.

“The combination of tenant and geographic diversification, long-term occupancy and institutional-quality real estate positions the portfolio to appeal to investors seeking stable income today with future upside through lease rollover and renewal opportunities,” said Postweiler. The portfolio is leased to a diverse mix of established corporate occupiers spanning the automotive, manufacturing, healthcare and engineering sectors.