{"id":1004195466,"date":"2017-10-31T05:44:11","date_gmt":"2017-10-31T13:44:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195466"},"modified":"2022-12-08T20:10:29","modified_gmt":"2022-12-09T04:10:29","slug":"friedman-integrated-to-manage-historic-ford-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/friedman-integrated-to-manage-historic-ford-building\/","title":{"rendered":"Friedman Integrated to Manage Historic Ford Building"},"content":{"rendered":"<p><em>By Alexandra Pacurar<\/em><\/p>\n<div id=\"attachment_1004195472\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004195472\" data-attachment-id=\"1004195472\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/friedman-integrated-to-manage-historic-ford-building\/ford-building-detroit\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg\" data-orig-size=\"800,620\" 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;1&quot;}\" data-image-title=\"ford-building-detroit\" data-image-description=\"&lt;p&gt;The Ford Building in Detroit&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Ford Building in Detroit&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg?w=800\" class=\"wp-image-1004195472 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg\" alt=\"The Ford Building in Detroit\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ford-building-detroit.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004195472\" class=\"wp-caption-text\">The Ford Building in Detroit<\/p><\/div>\n<p>Friedman Integrated Real Estate Solutions was appointed as manager of the historic 23-story Ford Building in Downtown Detroit. The 202,686-square-foot office building is the city\u2019s second oldest skyscraper. Friedman\u2019s management, space planning and construction divisions will work with the tower\u2019s owner, Ford Building Rino LLC.<\/p>\n<p><em>\u201cWe have a lot of experience successfully managing historic high-rises in downtown Detroit and look forward to continuing that tradition with the Ford Building. The Ford Building\u2019s ideal location provides a great opportunity for tenants looking to be in the center of it all,\u201d<\/em> said Chuck Delaney, executive managing director at Friedman, in prepared remarks.<\/p>\n<h2>Sold twice in 2017<\/h2>\n<p>The office property is located at 615 Griswold St., at the intersection with Congress Street, in the heart of Detroit\u2019s financial district. The Ford Building offers twenty four-hour banking, a conferencing facility, convenience store, on-site management and a restaurant.<\/p>\n<p>The iconic downtown tower changed ownership twice this year. According to Yardi Matrix, The Sterling Group acquired the property in February for $12 million. Sterling sold it six months later, in July, to Ford Building Rino LLC, as shown by public records. The last deal involved an $11 million loan.<\/p>\n<p>Recently, Friedman expanded its <a href=\"https:\/\/www.commercialsearch.com\/news\/friedman-wins-management-of-2-office-buildings\/\">Michigan property management<\/a> portfolio with two office properties in Auburn Hills.\u00a0<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The office tower is Detroit\u2019s second oldest skyscraper. The building changed ownership twice this year, according to public records. <\/p>\n","protected":false},"author":236,"featured_media":1004195472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,13,21742,21747,21785],"tags":[32923,38120],"class_list":["post-1004195466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-midwest","category-latest","category-office","category-property-management","tag-friedman-integrated-real-estate-solutions","tag-the-sterling-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Friedman Integrated to Manage Historic Ford 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-integrated-to-manage-historic-ford-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friedman Integrated to Manage Historic Ford Building\" \/>\n<meta property=\"og:description\" content=\"The office tower is Detroit\u2019s second oldest skyscraper. 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