Garrison Investment Group LP has sold Discovery Centre, a 165,016-square-foot 3-building office/flex park in Farmington Hills, Michigan, to Haggerty 4, LLC.
The property, located at , located at 39205, 39255, 39303 Country Club Drive, is surrounded by numerous flex/research/development parks, corporate headquarters, and engineering facilities, including The Bosch Group’s North American Headquarters and Nissan’s Tech Center.
Other notable Farmington Hills corporate residents include Mercedes Benz Financial, North American Lighting, Panasonic Automotive, Harman International, TRW, TD Auto Finance, as well as the Suburban Collection Showplace.
The lender-owned park had an occupancy rate of 81.4 percent, and provided potential investors the opportunity to add value through continued lease up and rental growth. Industrial, office, and flex properties in the corridor have attracted the attention of local and national investors as they fill with local, regional, and national tenants servicing the automotive, medical, and technology industries.
Rich Deptula, national director of Investment Advisory Services at Friedman Integrated Real Estate Solutions, represented the seller. Todd Hawley, senior vice president of Brokerage Services at Friedman, represented the buyer in this transaction.