Investment Strategy: Multi-Tenant Value Add
355,000 SF (3 buildings)
FD Stonewater acquired this office building portfolio in 2018 within the firm’s multi-tenant value add investment strategy. The portfolio is 56% leased and located in a Detroit Metro office market that has seen a resurgence since the financial crisis and reflects steady rent and occupancy trends. This acquisition represents a prime opportunity to execute significant repositioning and rebranding of the portfolio and reintroduce these assets to an improving Detroit office market. A comprehensive lobby renovation has been completed for one of the three buildings.