{"id":1004183171,"date":"2017-07-06T07:41:59","date_gmt":"2017-07-06T15:41:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183171"},"modified":"2022-12-08T07:31:34","modified_gmt":"2022-12-08T15:31:34","slug":"friedman-secures-buyer-for-detroit-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/friedman-secures-buyer-for-detroit-office-building\/","title":{"rendered":"Friedman Secures Buyer for Detroit Office Building"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004183173\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004183173\" data-attachment-id=\"1004183173\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/friedman-secures-buyer-for-detroit-office-building\/440-e-congress-st-detroit-mich\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"440 E. Congress St., Detroit, Mich.\" data-image-description=\"&lt;p&gt;440 E. Congress St., Detroit, Mich.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;440 E. Congress St., Detroit, Mich.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png?w=800\" loading=\"lazy\" class=\"wp-image-1004183173 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png\" alt=\"440 E. Congress St., Detroit, Mich.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004183173\" class=\"wp-caption-text\">440 E. Congress St., Detroit, Mich.<\/p><\/div>\n<p>Friedman Integrated Real Estate Solutions closed on another <a href=\"https:\/\/www.commercialsearch.com\/news\/friedman-sells-michigan-office-building\/\">office deal in Michigan<\/a>\u2014an 85,539-square-foot building located at 440 E. Congress St., in Detroit\u2019s CBD. The owner, Broder &amp; Sachse Real Estate Services, sold the property to 311 Associates. Peter Jankowski, vice president with Friedman, brokered the transaction.<\/p>\n<h2>Two Owners in Four Years<\/h2>\n<p>The mid-rise building sits on the corner of Congress and Beaubien Streets, right across from Saint Andrews Hall. Built in 1925, it went through two major renovations in 1990 and 2014, when the main lobby and tenant common areas were upgraded. Property features include 1,500 square feet of retail space on the first level, 125 on-site parking spaces and above-standard ceiling heights.<\/p>\n<p>Broader &amp; Sachse Real Estate Services bought the property in 2013 from Frederick Schwarze for $1.1 million, according to data provided by Yardi Matrix, making 311 Associates the second owner in four years.\u00a0<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The five-story, multi-tenant property is located in Detroit\u2019s downtown area and offers 85,539 square feet of office and retail space. <\/p>\n","protected":false},"author":1064,"featured_media":1004183173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1495,13,21742,21747],"tags":[36625,32923],"class_list":["post-1004183171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-midwest","category-latest","category-office","tag-broder-sachse-real-estate-services","tag-friedman-integrated-real-estate-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Friedman Secures Buyer for Detroit Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/friedman-secures-buyer-for-detroit-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friedman Secures Buyer for Detroit Office Building\" \/>\n<meta property=\"og:description\" content=\"The five-story, multi-tenant property is located in Detroit\u2019s downtown area and offers 85,539 square feet of office and retail space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/friedman-secures-buyer-for-detroit-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-06T15:41:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:31:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/440-E.-Congress-St.-Detroit-Mich..png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/friedman-secures-buyer-for-detroit-office-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/friedman-secures-buyer-for-detroit-office-building\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"Friedman Secures Buyer for Detroit Office Building\",\"datePublished\":\"2017-07-06T15:41:59+00:00\",\"dateModified\":\"2022-12-08T15:31:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/friedman-secures-buyer-for-detroit-office-building\\\/\"},\"wordCount\":165,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/friedman-secures-buyer-for-detroit-office-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/07\\\/440-E.-Congress-St.-Detroit-Mich..png\",\"keywords\":[\"Broder &amp; 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