FARMINGTON HILLS, MI-Northwestern Professional Center LLC, an entity comprised of both a legal and CPA firm, has purchased the 34,000-sf office at 31000 Northwestern Hwy. here. The company will be occupying about 10,000 sf on the first floor. The seller, Cambridge Investors VII LLC, the parent company of Paramount Bank, will lease the entire second floor.

Todd Hawley, SVP with Friedman Real Estate Group, says the deal was done for more than $100 per sf. “The buyer entails a law firm tenant from Bloomfield Hills and a CPA firm that was elsewhere in Farmington Hills,” he tells GlobeSt.com. “They have a relationship, and they wanted somewhere they could move in together while also having a multi-tenant building.” The lease rate for the building, now mostly filled, is around $19 to $20 per sf, Hawley says.

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