P.A. Commercial closed the sale of Westwood Office Park in Livonia, Michigan. The asset closed for $5.25 million.
Westwood Office Park is an 84,531-square-foot three-building office investment property located off the I-96 service drive on Schoolcraft Road. The property is currently 94 percent occupied and home to nine tenants. Two long-term tenants, NYX Inc. and Mastronardi Produce, are two of the top employers in Livonia.
Peter Ventura and Matthew Schiffman at P.A. Commercial represented the seller, Shaw Construction and Management, and had the exclusive listing to market the property.
Ventura is a veteran broker of 25 years in corporate and investment real estate in the Detroit area. He specializes in office and high-tech property development & leasing. He also actively consults corporate clients in facility acquisition and disposition. Schiffman is a senior associate with P.A. Commercial and has worked in commercial real estate for the last 10 years.