X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CLINTON TOWNSHIP, MI-The nation’s largest real estate investment brokerage firm has sold the landmark Macomb Centre for $11.5 million to a Florida company. Marcus & Millichap Real Estate Investment Brokerage Company sold the Centre to Lost Tree Village Corp. of Florida, company officials say.

The Macomb Centre is an 88,886-sf professional office building constructed in 1987 in an area considered the fastest growing corridor for commercial development in the state. The property is in excellent condition with no deferred maintenance costs and occupancy currently at 90% with a diversified tenant mix, company officials say.

With 34 offices and more than 700 investment professionals nationwide, Encino, CA-based Marcus & Millichap is the largest commercial real estate brokerage in the nation focusing exclusively on real estate investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.