{"id":1004661946,"date":"2023-05-11T02:16:36","date_gmt":"2023-05-11T10:16:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004661946"},"modified":"2023-05-11T03:38:36","modified_gmt":"2023-05-11T11:38:36","slug":"friedman-inks-detroit-area-hq-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/","title":{"rendered":"Friedman Inks Detroit-Area HQ Lease"},"content":{"rendered":"
\"26711<\/a>

26711 Northwestern Highway. Image courtesy of Friedman Real Estate<\/em><\/p><\/div>\n

Friedman Real Estate <\/strong>has signed a 37,111-square-foot lease with security company Guardian Alarm<\/strong> at 26711 Northwestern Highway in Southfield, Mich. Friedman Vice President Dan Verderbar represented the tenant in the lease agreement and also in the sale of the firm\u2019s previous 66,000-square-foot office headquarters.<\/p>\n

Guardian will be relocating from the intersection of 8 Mile Road and the Southfield Freeway to the 137,476-square-foot office building this summer. The move to the new location will enable Guardian to merge its administrative offices, which are presently situated in two different buildings.<\/p>\n

\n

READ ALSO<\/strong>: A Closer Look at Tech Layoffs\u2019 Impact on Office Leasing<\/a><\/p>\n

\n
\"Guardian<\/a>

Guardian Alarm former headquarters. Image courtesy of Friedman Real Estate<\/em><\/p><\/div>\n

The tenant used Friedman’s design and facilities management services at their former location, and it will continue to do so in their new space, as well. Completed in 1969, the 26711 Northwestern Highway underwent cosmetic renovations in 2012, the year the current landlord acquired the property. According to CommercialEdge, Friedman Communities, GRT Financial, Huron Law Group and Rex Club also have leases at 26711 Northwestern Highway<\/p>\n

Guardian Alarm’s new offices will feature an alarm monitoring command center, upgraded training facilities, as well as an expanded customer care center. The new space will feature digital product walls<\/a>, interactive displays and an improved training and onboarding process.<\/p>\n

Southfield office vacancy on the rise<\/h2>\n

According to a recent report by Colliers<\/strong>, the Detroit office market experienced a negative net absorption of 599,202 square feet during the first quarter. The Southfield market was particularly impacted, with a negative absorption of 468,274 square feet.<\/p>\n

The overall vacancy rate for the metro stood at 12.9 percent at the end of the first quarter, the same source reveals. Southfield ended the quarter with a vacancy rate of 21.6 percent, the second highest across all submarkets and up 2 percent quarter-over-quarter.<\/p>\n

Earlier this year, Friedman represented The Paslin Co<\/a>. in securing a 113,742-square-foot lease in suburban Detroit.<\/p>\n","protected":false},"excerpt":{"rendered":"

The landlord also assisted the tenant in the sale of its former headquarters. <\/p>\n","protected":false},"author":3030,"featured_media":1004661948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1495,13,21742,21747],"tags":[40215],"class_list":["post-1004661946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-detroit","category-midwest","category-latest","category-office","tag-friedman-real-estate"],"acf":[],"yoast_head":"\nFriedman Inks Detroit-Area HQ Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Friedman Real Estate has signed a 37,111-square-foot lease with Guardian Alarm at 26711 Northwestern Highway in Southfield, Mich.\" \/>\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-inks-detroit-area-hq-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friedman Inks Detroit-Area HQ Lease\" \/>\n<meta property=\"og:description\" content=\"Friedman Real Estate has signed a 37,111-square-foot lease with Guardian Alarm at 26711 Northwestern Highway in Southfield, Mich.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/\" \/>\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=\"2023-05-11T10:16:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-11T11:38:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/26711-Northwestern-Highway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4096\" \/>\n\t<meta property=\"og:image:height\" content=\"3072\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/\",\"name\":\"Friedman Inks Detroit-Area HQ Lease - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/26711-Northwestern-Highway.jpg\",\"datePublished\":\"2023-05-11T10:16:36+00:00\",\"dateModified\":\"2023-05-11T11:38:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e908d9381f3929d1d57f95e4db8c529\"},\"description\":\"Friedman Real Estate has signed a 37,111-square-foot lease with Guardian Alarm at 26711 Northwestern Highway in Southfield, Mich.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/friedman-inks-detroit-area-hq-lease\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/26711-Northwestern-Highway.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/26711-Northwestern-Highway.jpg\",\"width\":4096,\"height\":3072,\"caption\":\"26711 Northwestern Highway. 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