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Located between Fifth and Sixth Avenues, the 1920-built property was refinanced with a 10-year, fixed-rate refinancing through a life insurance company.
TEXO selected winning projects for the awards based on difficulty in construction, original construction techniques involved, final appearance, quality of the finished product and the timeliness of project completion.
The 135,000-square-foot facility is located at 53500 Grand River Ave. A total of 35,000 square feet of the new facility is dedicated to office space and the remaining 100,000 square feet is designated for manufacturing and warehouse workspaces.
Counsel Edelstein has more than a decade's experience handling a wide range of transactional real estate matters. She primarily focuses her practice on acquisitions and dispositions of commercial and multi-family properties, leasing matters and mortgage financing.
The four-property portfolio that was sold include: 12 units at 48 Millington Ave., 16 units at 51 Summit Ave., 20 units and a developable lot at 291 Wainwright St. and 21 units at 535 Hawthorne Ave.