State Tech Center

Industrial / ±88,625 SF / Ann Arbor, MI

Premier Equities purchased the non-performing note on State Tech Center in December 2009 from John Hancock Life Insurance. Negotiated a DIL with the borrower and immediately invested in the common areas and exterior curb appeal of the property. Within a few months, leases were signed with Atwell-Hicks and NA Publishing to stabilize the asset. The property was subsequently sold in two sales for 2.5 times the initial investment.