Michigan Commercial Real Estate News Brief: February 2018
In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Michigan markets, including Ann Arbor, Detroit and Grand Rapids.
Proposed Grand Rapids Office Tower Would Offer New Class A Space
Developer Franklin Partners LLC’s proposed seven-story office tower would bring some much-needed Class A office space to Grand Rapids, which is currently experiencing a tightening market.
The 90,000-square-foot building would sit at the corner of Ottawa Avenue and Oakes Street SW, and would be constructed of glass and steel with competitive amenities, including a rooftop patio, fitness area and more. With this in mind, Franklin Partners Principal Don Shoemaker said rents could reach as high as $25 per square foot (psf).… Read More