The - LoopNet · 2018. 8. 13. · Colliers International has been retained as the exclusive leasing...
Transcript of The - LoopNet · 2018. 8. 13. · Colliers International has been retained as the exclusive leasing...
CORPORATE HEADQUARTERS
OPPORTUNITY
HIGHLY VISIBLE BUILDING SIGNAGE WITH I-75 EXPOSURE
125,000GROSS SQUARE FEET
SIX (801) & THREE (803) STORIES
±11,700 to ±25,000 SFFLOOR PLATES
18 COVERED PARKING SPACES
PRIME BIG BEAVERLOCATION
NEW OWNERSHIP AND MANAGEMENT
PROPERTY
Colliers International has been retained as the exclusive leasing agentof 801-803 West Big Beaver Road, Troy, Michigan (the “Property”). Built1981 to 1983, the Property is comprised of ±125,000 square feet of grossspace and features on-site security, a conference facility and anexpansive sunlit atrium/lobby. Unique to this building is also an executiveinterior parking garage. The building consists of two towers that areconnected by a glass covered atrium. 801 West Big Beaver, which facesnortheast, has a total of six stories while 803 West Big Beaver, whichfaces southwest, totals three stories.
Formerly serving as a hub for a number of Huntington’s business units inMichigan, 801-803 West Big Beaver offers potential tenants a uniqueopportunity to occupy one of the most visible, well located officebuildings in Troy. Should a user desire to occupy the entirety of thepremise, the building provides efficient floorplates for a single tenantrequirement.
One of the most notable developments in the area is the 888 West BigBeaver Road project which is located directly across Big Beaver Roadand immediately North of the subject property. Coined as the “TroyCity Center” this $130MM+ project has already brought two of severalplanned outparcels online. Upon completion, the project will beinclusive of a 272-unit apartment tower, an eight story parking deckoffering nearly 1,500 parking spaces to serve five retail suites, and fiverestaurants ranging from fast and casual Shake Shack to the well-designed Morton’s Steakhouse. Additionally, a five story Starwood A-Loft Hotel is planned for development immediately East of the subjectproperty on the parking lot of the PNC Tower adjacent to Granite City.
Being situated in the midst of ongoing mixed-use development projectsallows the occupants of the building to capitalize on the significantinvestment targeting the local area. The Property offers a user theopportunity to showcase a uniquely visible dominant presence alongBig Beaver Road (coined Troy’s Golden Corridor) with significantsignage and immediate access to I-75. With a conducive footprint, thisasset is a logical candidate for a world headquarters similar to that ofthe neighboring Kelly Services HQ.
K E Y P R O P E R T Y I N F O R M A T I O N
ADDRESS 801-803 West B i g Beaver , T roy , M I
BUILDING S IZE 125,000 Gross Square Feet
ON-SITE PARKING18 Covered Execut i ve Spaces & ±262Sur face Spaces
YEAR BUILT 1981-1983
LEASE RATE Negot i ab l e
TENANT ALLOWANCE TBD
The
BUILDING AREA
±116,000 Rentable Square Feet, 125,000
Gross Square Feet
NUMBER OF STORIES & FLOOR PLATES
Three (803) & Six (801) stories with typicalfloor plate sizes of ±11,700 to ±25,000
square feet
YEAR BUILT
1981 - 1983
PARKING
Rare executive parking garage within the
building. Features 18 secured spaces.
Ample Surface Spaces are available on
the lot surrounding the building
CONSTRUCTION
Reinforced concrete construction
EXTERIOR WALLS
Exterior of the Property is outfi tted with a
reflective glass separated by concrete
sheathing
ROOF CONSTRUCTION
Flat Rubber Membrane with rooftop access
from third floor & sixth floor
HEATING, VENTILATION, AIR CONDITIONING
Comprised of two separate systems
RESTROOMS
Each floor provides four (4) restrooms up to
the third floor. The 801 Tower provides for two
(2) restrooms per floor on stories 4 through 6.
There is a total of eighteen (18) restrooms
ELEVATORS
The building has a two (2) separate sets of
two (2) elevators that have access to all three
floors of the 801 Tower & all six floors of the
803 Tower
SECURITY
An on-site security guard is present Monday-
Friday from 8:30am – 6pm. Entrances and
elevators include electronic fab key access
Building
Floor Plans
Floor Plans
Floor Plans
Floor Plans
Floor Plans
Floor Plans
E X E C U T I V E S U M M A R Y 1 1
The
REGIONAL
TROY
Immediately north of the Property isthe area’s premier developmentproject – Troy City Center Shoppes.Complementing the existing 300,000square foot office tower, which was41% occupied at the time of sale, thepurchase was part of a larger mixed-use redevelopment project. The entireproject has brought a free standingShake Shack, a two-story FidelityInvestment office branch and aneight-story parking garage with interiorground floor retails suites. The additionof more restaurants and retail out lotsas well as a 272 unit luxury apartmenttower is still underway.
Troy Galleria, built in 2014, at 600-660West Big Beaver consists of a Verizonstore, Bonefish Grill, Carrabba’s ItalianGrill and Jersey Mike’s Subs. Across thestreet at 699 West Big Beaver Roadstands a newer 2012 vintage GraniteCity Food & Brewery.
Local
Troy is a city located in Oakland County, within the US state ofMichigan. The city is considered to be a suburb of Detroit. As of the2015 census, Troy had an estimated population of 83,270 and adaytime population of more than 170,396. The substantial numbersmake Troy the 13th largest city in the state of Michigan and the thirdlargest in the state based on property values. The median homemarket value is $226,200 and the median household income is$86,465. The city contains an excellent mix of single-family homesalong with condominiums, apartments and multi-family complexes.These neighborhoods are found in a city complete with a high-ranking public school district and world-class shopping, dining andentertainment.
Troy is one of Detroit’s northern suburbs, located in the heart ofOakland County. Troy is only 20 minutes from the city of Detroit andhas easy access to I-696, I-75 and M-59. All three expressways aremain arteries within southeast Michigan. In addition to its easyaccess, Troy is also home to the Oakland/Troy airport. Troy’s locationoffers its residents, employees and visitors a wide variety ofrecreational and cultural opportunities. The city measures 34.3square miles with over 900 acres of parkland, two golf courses, andlakes.
City of
Troy is considered to be a prime location for new and expandingbusinesses. Troy’s diverse business mix consists of seven million squarefeet of retail space, 21 million square feet of office space and 16million square feet of manufacturing space. Troy is broken up into twosubmarkets, Troy North and Troy South, separated by Wattles Rd (17Mile). Troy is home to two Fortune 500 companies, Meritor and KellyServices, and is considered a major financial services hub. PNC Bank,Bank of America and many other financial institutions have regionaloffices located in Troy. 4,000 flourishing businesses are located withinthe city while 125,000 people work in the city.
Troy, over the years, has received many awards and accolades for itsachievements as a community and flourishing business sector. Troyhas one of the lowest tax rates in Oakland County and is recognizedfor its excellent quality of life. The city of Troy was ranked as being theSafest City in Michigan and offers an A+ rated school system. In 2012,Troy was named #1 best city to live in Michigan and 26th best in thenation by CNN Money Magazine. When it comes to its businesssetting, the city has received top rankings for attracting and retainingentrepreneurial companies for the fifth year.
Situated in the heart of the Great Lakes region, OaklandCounty is also one of the most affluent counties in thecountry. It is home to a highly skilled labor force and afavorable manufacturing composition. The presence ofGeneral Motors, Chrysler and Oakland University willcontinue to provide stability to the metro-area’seconomy. The ever-changing face of the health care andautomotive sectors will drive demand for goods andservices in industries such as manufacturing and will be amajor driver of income growth while helping to attractskilled labor from other parts of Michigan and neighboringstates.
Oakland County offers a vibrant and stimulating businessand research environment that contends with anysubmarket. The county is consistently one of the leaders inMichigan for new business start-ups and among the topcounties in the nation for overall new businesses and jobcreation.
Oakland County is one of the most affluent counties in thecountry. It is home to a highly skilled labor force and afavorable manufacturing composition. The presence ofGeneral Motors, Chrysler and Oakland University willcontinue to provide stability to the metro-area’seconomy. The ever-changing face of the health care andautomotive sectors will drive demand for goods andservices in industries such as manufacturing and will be amajor driver of income growth while helping to attractskilled labor from other parts of Michigan and neighboringstates.
Oakland County offers a vibrant and stimulating businessand research environment that contends with anysubmarket. The county is consistently one of the leaders inMichigan for new business start-ups and among the topcounties in the nation for overall new businesses and jobcreation.
R E G I O N A L O V E R V I E W 1 6
Oakland
L A R G E S T E M P L O Y E R S # O F E M P L O Y E E S
Beaumont 17,896
FCA US 12,564
General Motors 9,242
Ascension Michigan 4,408
U.S. Postal Service 4,195
Oakland County 3,432
Henry Ford Health 3,405
Tr inity Health 3,098
Magna International 2,199
Comerica Bank 2,163
FOR MORE
JOHN FRICKEExecutive Vice President | Office248-226-1887John.Fr icke@coll iers.com
CLINT CONFERSenior Vice President248-226-1804Clint.Confer@coll iers.com
2 Corporate Dr, Suite 300
Southfield, MI 48076