Troy, Michigan (September 21, 2011) – L. Mason Capitani CORFAC International is pleased to announce the sale of the Haverhill Office Complex located at 2950 W. Square Lake Road in Troy, Michigan to LSTC California, LLC. The property includes a 25,000 square foot multi-tenant office building as well as an active cell tower that is currently in use by three cell service providers. The occupancy of the office building was approximately 75% at the time of sale. The purchaser plans to renovate the building and reposition it as a premium location for office tenants in the area. The building’s classic architecture and its convenient location at the I-75/Adams Road interchange made the building an attractive acquisition for the purchaser. Mason L. Capitani and Gary P. Grochowski of L. Mason Capitani CORFAC International represented the purchaser and the seller in the transaction. They will also continue to market and lease the building moving forward. The final sale price was not disclosed. However, the asking price for the property was reported to be $1.8 Million.About L. Mason Capitani CORFAC InternationalFounded in 1965, L. Mason Capitani CORFAC International is one of the most established privately held real estate brokerage firms specializing in the sales, leasing and management of industrial, office, medical and retail properties in Michigan. The company’s scope of services include landlord and tenant representation, buyer and seller representation, site acquisition and build to suit coordination. L. Mason Capitani, Inc. is an affiliate member of Corporate Facility Advisors – CORFAC International, which is one of the largest commercial real estate services organizations in the world. CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in the Americas and internationally. For more information, visit the L. Mason Capitani, Inc. web site at www.Lmcap.com.
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