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StanCorp Sells Novi Office Bldg. for $1M

Union Picks Up 18,000-SF Property on Gardenbrook Road
February 16, 2012
StanCorp Mortgage Investors LLC sold the office building at 41475 Gardenbrook Road in Novi, MI, to the Brotherhood of Maintenance of Ways Employees for $1.05 million, or approximately $58 per square foot.

Built in 2002, the 17,973-square-foot property features two levels and is on 3.58 acres. The buyer is in the process of remodeling the interior space and has plans to move in April.

Philip Sprague and Ed Wujek of CBRE represented the seller and David Abler and David MacDonald of Jones Lang LaSalle represented the buyer.

For more information, please refer to CoStar COMPS #2252754.
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