By Roxana Baiceanu
Encore Development Group has acquired 31,000 square feet of office space in Troy, Mich., from Cooke Properties. The asset is located at 1985 W. Big Beaver Road and includes a retail component occupied by Japanese restaurant Benihana.
The buyer company’s founder, Jason Hamama, plans to redevelop the building and convert the first-floor into retail space leasable to a restaurant. The new tenant will be right next to Benihana and will benefit from the Big Beaver signage, input in the building design and façade as well as an outdoor patio.
The asset is situated along the Big Beaver Corridor, a preferred location for companies and retail businesses alike. It provides quick access to Interstate 75 and to the Somerset Collection shopping mall. Senior Vice President Gary Grochowski and Associate Bryan Barnas of Colliers International’s Detroit office represented both the seller and the buyer in the deal.
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