FRIEDMAN NEGOTIATES LONG-TERM LEASE OF 7,206 SQUARE FEET IN LIVONIA, MICHIGAN

Posted on February 17, 2011

Farmington Hills, Michigan (February 17, 2010) – Friedman Integrated Real Estate Solutions, the Midwest’s leading provider of commercial real estate services, recently negotiated a long-term lease of 7,206 square feet of office space in Laurel Office Park at 17197 N. Laurel Park Drive in Livonia with Ipswitch File Transfer, an innovator of global managed file transfer integration technologies and services.

“We are pleased to be looking toward the future and the exciting opportunities that have spurred our growth and need for additional office space,” said Gary Shottes, President of Ipswitch File Transfer. “Laurel Office Park’s location provides excellent amenities and overall convenience that are keenly suited to our employee’s needs.”

The addition of Ipswitch to the building follows recent increases in leasing activity at Friedman’s Laurel Office Park I and III. “Laurel continues to attract a remarkable level of interest,” said Eric Slutzky, Director of Leasing and Asset Management for Friedman. “We’re excited to see cutting-edge technology firms like Ipswitch succeed in the region and are pleased we were able to assist in their site selection needs.”

ABOUT IPSWITCH FILE TRANSFER

Ipswitch File Transfer is a global technology provider that builds solutions to securely move organizations valuable data. The firm enables companies and people to better manage their data interactions when visibility, management and enforcement matter. The company’s managed file transfer solutions deliver the control necessary to enable governance and compliance for millions of global users – including the majority of Fortune 1000 enterprises and government agencies. These organizations trust Ipswitch File Transfer solutions to secure, manage, automate and streamline critical and highly sensitive file transfers and data workflows. For more information, visit http://www.ipswitch.com.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

Founded in 1987, Friedman Integrated Real Estate Solutions is one of the Midwest’s largest locally owned and operated commercial real estate organizations. Friedman represents banks, special servicers, institutions, property owners, national and regional retailers, and commercial tenants in every size range. Friedman manages over 95 facilities encompassing more than 10 million square feet of commercial and multi-family properties throughout Michigan, Ohio, Indiana, Florida, Kentucky, Tennessee, and Arizona.

Friedman’s completely integrated in-house service lines include brokerage, full-service property and asset management, space design and architectural services, construction and project management, graphic design and marketing, as well as a specialized distressed asset services group providing valuation and pro-forma analysis, multi-scenario financial modeling, loan sales, investment sales, turnaround management and receivership services. We provide our clients with a single point of contact for the entire range of services we offer.

As owners and managers of commercial property for more than 25 years, Friedman understands what it takes to achieve results that maximize the client’s objectives.