Friedman Selected as Receiver of 259,340 SF Onyx Office Plaza in Southfield, Michigan

Posted on June 14, 2012

Farmington Hills, Michigan (June 14, 2012) – Friedman Integrated Real Estate Solutions, the Midwest’s leading provider of commercial real estate services is pleased to announce it has been selected as receiver by CW Capitol of the four-story, 259,340 square foot Onyx Office Plaza in Southfield, Michigan.

Onyx recently underwent major interior renovations, completely modernizing the look of the building in order to accommodate new tenants. Renovations include new carpeting in all common areas, new stone/tile flooring, completely updated restrooms, new entry doors (including automatic doors for barrier free access) and a new wood accent wall in the main lobby. The building will be further enhanced by the construction of a completely new entrance façade and updated monument signage.

The building offers abundant parking, new cafeteria, exclusive gym, onsite café and sundry shop as well as instant access to I-696, M-10, and the northern suburbs via Telegraph Road. It is an ideal location, situated on the northwest corner of 12 Mile Road and Telegraph Road with nearby restaurants, banking, entertainment and other service options such as Shiraz, Seven Bar and Grill, Starbucks, Bally Total Fitness and AMC Star.

Onyx Office Plaza currently has suites available that are best suited for small to medium sized businesses and additionally offers executive suites. Many suites feature existing improvements that may be utilized to reduce costs and enable quick occupancy.

With 143,899 square feet available, leasing opportunities are flexible with spaces ranging from 299 to 70,477 SF. Each floor plate is approximately 65,000 square feet.

“With the economy beginning to strengthen and the Southfield office market demand improving, this building is ideal for a company looking to expand and/or relocate,” said Gary Goodman, Managing Director of Brokerage Services at Friedman Integrated Real Estate Solutions.

About Friedman Integrated Real Estate Solutions

Friedman Integrated Real Estate Solutions is one of the Midwest’s largest commercial real estate organizations. Friedman offers a full range of services that include: commercial brokerage, property and asset management, investment and loan sale advisory, turnaround management and receivership, space planning and design, construction and project management, graphic design and marketing in addition to a vast array of advisory services. We provide our clients with a single point of contact for the entire range of services we offer.

Friedman represents banks, special servicers, institutions, property owners, national and regional retailers, and commercial tenants in every size range. Friedman manages over 140 facilities encompassing more than 16M SF of commercial and multi-family properties throughout the country.

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.