DETROIT, July 16, 2014 /PRNewswire/ -- Transwestern today announces it has been retained for the leasing and management of Southfield Town Center in Southfield, Michigan. The five-building office complex totaling 2.2 million square feet was recently purchased by New York-based 601W Cos.
"This assignment is a monumental win for Transwestern," said Mike Watts, Transwestern's Midwest president. "Our existing team in Detroit has laid a solid foundation, and this assignment will allow us to expand and enhance that team."
Transwestern has recruited two professionals to lead the leasing team – Clarence Gleeson II, senior vice president and Jason Dutcher, associate – both of whom join the firm from CBRE. There are also plans to hire one additional broker to the team. Transwestern retained the existing property management group and has added a construction management specialist.
"We're very excited to take part in this opportunity to further enhance a trophy property in the Detroit area," said Bill Harvey, senior vice president and head of Transwestern's Detroit office. "With the economic acceleration, businesses in Michigan are expanding again, and we fully expect to maintain and elevate Southfield Town Center's position as the iconic office landmark in metro Detroit."
Southfield Town Center is currently 68 percent leased with several large contiguous blocks of space available. The building owner plans to invest significant capital in renovating the office towers and common areas, including upgrading the elevators, lobbies, parking and building connectors. The complex amenities include a Westin hotel, fitness center, building conference centers, on-site banking, garden atriums, connectors between all buildings in the complex and multiple retailers and restaurants, including the Skyline Club.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern.
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