Medical Institution Buys Detroit Office Park
ByTroy, Mich.—Friedman Integrated Real Estate Solutions arranged the sale of North Troy Corporate Park, a 141,464-square-foot office property located at 5505 Corporate Drive in Troy, Mich. Friedman CEO & executive managing director and Associate Broker Robert Gagniuk represented the seller, 5505 NTCC LLC, in this transaction.
The building was acquired by the Oakland County Community Mental Health Authority (OCCMHA), which plans to move its headquarters from Auburn Hills to Troy in late summer. The relocation was planned due to space challenges, which resulted from transitions in service delivery protocols. Over the past two years, OCCMHA assumed several delegated functions from its contracted service network, the organization explained in a news release…