Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganOffice

Meridian Capital Group makes $141 million purchase loan for Michigan office complex

Staff Writer April 5, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

1000 Town Center.jpgMeridian Capital Group, LLC recently arranged a $142 million mortgage for the purchase of an iconic office complex located in Southfield, Mich., on behalf of 601 West Companies.

The 10-year loan features three years of interest-only payments and was provided by a CMBS lender. This transaction was arranged by Meridian Capital Group managing director Rael Gervis, who is based in the company’s New York City headquarters.

Southfield Town Center is a 67-percent leased, 2.15-million-square-foot office property composed of five office towers and a retail pavilion. The asset is located at 1000-4400 Town Center, one of the most prestigious addresses in Southfield.

As an amenity-rich property, Southfield Town Center features over 93,000 square feet of concourse space and provides tenants with convenience retail amenities, food services options, a state-of-the-art fitness facility and the Skyline Club, a renowned executive dining club. In addition, the property features an on-site hotel, The Westin Southfield, with 388 deluxe guest rooms, a restaurant, banquet facilities and a health club.

Tags
Southfield
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
OhioCRE

Marcus & Millichap names SVP of investments in Columbus

June 6, 2023
MissouriCRE

Kansas City’s VanTrust Real Estate launches science and technology division

June 6, 2023
OhioCRE

CBRE names managing director, market leader for Cleveland and Akron markets

June 6, 2023
OhioCRE

Commercial Real Estate Hall of Fame: Marcus & Millichap’s Michael Glass

Dan RafterJune 6, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com