26711 Northwestern Freeway. Picture courtesy of Friedman Actual Property
Friedman Actual Property has signed a 37,111-square-foot lease with safety firm Guardian Alarm at 26711 Northwestern Freeway in Southfield, Mich. Friedman Vice President Dan Verderbar represented the tenant within the lease settlement and likewise within the sale of the agency’s earlier 66,000-square-foot workplace headquarters.
Guardian shall be relocating from the intersection of 8 Mile Highway and the Southfield Freeway to the 137,476-square-foot workplace constructing this summer time. The transfer to the brand new location will allow Guardian to merge its administrative places of work, that are presently located in two totally different buildings.
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Guardian Alarm former headquarters. Picture courtesy of Friedman Actual Property
The tenant used Friedman’s design and amenities administration companies at their former location, and it’ll proceed to take action of their new area, as properly. Accomplished in 1969, the 26711 Northwestern Freeway underwent beauty renovations in 2012, the 12 months the present landlord acquired the property. In keeping with CommercialEdge, Friedman Communities, GRT Monetary, Huron Regulation Group and Rex Membership even have leases at 26711 Northwestern Freeway
Guardian Alarm’s new places of work will characteristic an alarm monitoring command heart, upgraded coaching amenities, in addition to an expanded buyer care heart. The brand new area will characteristic digital product partitions, interactive shows and an improved coaching and onboarding course of.
Southfield workplace emptiness on the rise
In keeping with a current report by Colliers, the Detroit workplace market skilled a destructive internet absorption of 599,202 sq. ft in the course of the first quarter. The Southfield market was notably impacted, with a destructive absorption of 468,274 sq. ft.
The general emptiness price for the metro stood at 12.9 % on the finish of the primary quarter, the identical supply reveals. Southfield ended the quarter with a emptiness price of 21.6 %, the second highest throughout all submarkets and up 2 % quarter-over-quarter.
Earlier this 12 months, Friedman represented The Paslin Co. in securing a 113,742-square-foot lease in suburban Detroit.
