{"id":1004279414,"date":"2018-11-14T09:32:15","date_gmt":"2018-11-14T17:32:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004279414"},"modified":"2022-12-07T05:26:34","modified_gmt":"2022-12-07T13:26:34","slug":"friedman-closes-detroit-office-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/friedman-closes-detroit-office-deal\/","title":{"rendered":"Friedman Closes Detroit Office Deal"},"content":{"rendered":"<div id=\"attachment_1004279417\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004279417\" data-attachment-id=\"1004279417\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/friedman-closes-detroit-office-deal\/610-w-congress-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D3100&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1524949258&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;20&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"610 W. Congress St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;610 W. Congress St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg?w=800\" class=\"wp-image-1004279417 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/610-W.-Congress-St..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004279417\" class=\"wp-caption-text\">610 W. Congress St.<\/p><\/div>\n<p>Friedman Real Estate has completed a new office sale in Detroit\u2019s Central Business District. The 26,600-square-foot property was appraised at $5 million in the first quarter of 2018 and sold at auction, according to the company\u2019s website. Vice President of brokerage services Alan Stern and Senior Vice President of investment and advisory services Steven Silverman arranged the deal on behalf of both parties: Congress Real Estate Ventures as seller and 610 West Congress Partners as buyer.<\/p>\n<p>The two-story building is located at 610 W. Congress St., near the Cobo Center on Congress St. and was previously the home of RR Donnelley &amp; Sons Co. Completed in 1980 and renovated in 2015, the property features upgraded mechanical systems, new security and alarm systems as well as conference rooms and private offices. The on-site private parking accommodates up to 23 vehicles.<\/p>\n<p>Detroit\u2019s CBD has seen dynamic sales and leasing activity within the past quarters, with several companies migrating to the submarket. One of the most recent relocations was Chemical Bank, Michigan\u2019s largest headquartered bank, which\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/detroit-becomes-chemical-banks-new-home\/\">moved downtown<\/a> from the Midland suburb.<\/p>\n<p><em>Image courtesy of Friedman Real Estate \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The building is located in the Central Business District and was sold at auction. Alan Stern and Steven Silverman represented both sides in the transaction. <\/p>\n","protected":false},"author":242,"featured_media":1004279417,"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":[40215,42989],"class_list":["post-1004279414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-midwest","category-latest","category-office","tag-friedman-real-estate","tag-steven-silverman"],"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 Closes Detroit Office Deal - 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-closes-detroit-office-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friedman Closes Detroit Office Deal\" \/>\n<meta property=\"og:description\" content=\"The building is located in the Central Business District and was sold at auction. 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