The following is a summary of value-added and strategic transactions by EDS Investment Properties:
North Greenfield Office Park
29551 Greenfield, Southfield, MI 48076
- A 3 building office park totaling 33,000 SF
- EDS in collaboration with Cartessa Real Estate Partners, acquired this property
- In five months, an extensive renovation was completed to the property and the building is currently 93% leased.
- During the contract period, the partners were able to secure a long-term lease for one of the buildings, prior to closing.
Lyon Oaks Industrial
29200 Lyon Oaks Drive, Lyon Township, MI 48393
- A 2 building industrical park totaling 64,310 SF
- The property was acquired at 65% occupancy.
- In eighteen months, the buildings were renovated and occupancy increased to 93%.
Manhattan Place Office Park
17376 W 12 Mile Road, Southfield, MI 48076
- A 10 building office park
- The property was acquired at 60% occupancy with no operational cash flow
- Within 12 months EDS achieved over 90% occupancy
110 E. Grand River
110 E. Grand River, Brighton, MI 48116
- 110 E Grand River Video Tour
- A 13,000 SF mixed use redevelopment
- EDS acquired this property as an off-market deal
- During the contract period, EDS was able to secure a long-term lease with the anchor tenant prior to closing.
Walnut Creek Apartments
23818 Middlebelt Road, Farmington Hills, MI 48336
- A 60 unit apartment complex
- The property was acquired from a distressed seller at 70% occupancy
- EDS achieved 100% occupancy in under one year
7854 Lochlin Building
7854-7856 Lochlin Road, Green Oak Twp., MI 48116
- A 39,200 SF industrial building
- EDS acquired the property with distressed debt from a local lender
- During the contract period, EDS was able to secure a long-term lease with the anchor tenant prior to closing.
Kohl’s at Centerplace
4224 Centerplace Drive, Greely, CO 80634
- A 89,808 SF Kohl’s store and 10,000 SF rental center
- EDS acquired the property as an off-market transaction, from an institutional seller. EDS learned of the deal through a close broker relationship.
- Despite the competitive NNN market at the time, and secured long-term non-recourse financing.
The Pines Office Condominiums
31811 Middlebelt Road, Farmington Hills, MI 48334
- A 13-unit office condo park
- EDS acquired the property as an off-market transaction from a local seller and completed the condo conversion in four months.
- The units were sold out in under 24 months
Beechtree Office Building
40399 Grand River Avenue, Novi, MI 48374
- A 23,740 SF office building
- EDS acquired this building as an off-market opportunity and re-sold the property to a 1031 exchange buyer in less than 9 months of ownership
28000 Middlebelt Building
28000 Middlebelt Road, Farmington Hills, MI
- A 15,000 SF office building
- EDS acquired the property to help facilitate the closing of a large multi-property office portfolio sale in which EDS was the sales agent.
Irene’s Myomassology Institute
26062 Franklin Road, Southfield, MI 48033
- A 21,500 SF school building that was a ground-up build-to-suit development.
- EDS completed the land acquisition, design and development.