CORPORATE LEVEL AND SUITE SF AVAILABLE OCCUPANCY...Floor Plans SUITE 200 4,042 SF LEASED SUITE 203...
Transcript of CORPORATE LEVEL AND SUITE SF AVAILABLE OCCUPANCY...Floor Plans SUITE 200 4,042 SF LEASED SUITE 203...
CORPORATE
HEADQUARTERS
OPPORTUNITY
HIGHLY VISIBLE BUILDING
SIGNAGE WITH I -75
EXPOSURE
MICHIGAN OPPORTUNITY
ZONE 1976
125,000
GROSS SQUARE FEET
SIX (801) & THREE (803)
STORIES
±11,700 to ±25,000 SF
FLOOR PLATES
PRE-CONSTRUCTION
PARKING GARAGE
PRIME BIG BEAVER
LOCATION
NEW OWNERSHIP AND
MANAGEMENT
HighlightsPROPERTY
LEVEL AND SUITE
NUMBERSF AVAILABLE OCCUPANCY
First F loor – Suite 105 4,300 Bui ld to Suit - Retai l
F i rst F loor – Suite 106 9,435 Bui ld to Suit - Retai l
Second Floor – Suite 200 4,042 Immediate
Second Floor – Suite 203 2,127 Immediate
Second Floor – Suite 205 3,753 Immediate
Second Floor – Suite 206 3,892 Immediate
Second Floor – Suite 207 2,615 Immediate
Third Floor – Suite 300 13,722 Immediate
Third Floor – Suite 351 5,271 Immediate
Third Floor – Suite 357 2,133 Immediate
Fourth Floor – Suite 404 4,473 Immediate
Sixth Floor – Suite 600 13,736 Immediate
Floor Plans
LEASED
LEASED
SUITE 1022,485 SF
CONFERENCE ROOM
LEASED
SUITE 105BUILD TO SUIT -
RETAIL4,300 SF
SUITE 106BUILD TO SUIT -
RETAIL9,435 SF
ATRIUM
Floor Plans
SUITE 2004,042 SF
LEASED
SUITE 2032,127 SF
SUITE 204940 SF
SUITE 2053,753 SF
SUITE 2063,892 SF
ATRIUMBELOW
SUITE 207
2,615 SF
Floor Plans
ATRIUMBELOW
SUITE 30013,722 SF
SUITE 350
1,895 SF
SUITE 351
5,271 SF
SUITE 355
1,885 SF
SUITE 354
1,198 SF
SUITE 357
2,133 SF
Floor Plans
SUITE 404
4,473 SF
SUITE 401, 402 & 4037,137 SF
Floor Plans
SUITE 600
13,736 SF
E X E C U T I V E S U M M A R Y 9
SITE
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, the recently opened CityBBQ and a two-story FidelityInvestment office branch along withan eight-story parking garage withinterior ground floor retail suites. Theaddition of more restaurants and retailout lots as well as a 272 unit luxuryapartment tower 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
THE PROGRAM:Under the recently created Opportunity Zone program, significant tax benefits are available to mostinvestors with eligible capital gains. Eligible capital gains include long and short-term gains realized from the
sale of investments, including stock, businesses and real estate, including a personal residence. The gainsmust be reinvested in qualifying businesses operating within a designated Opportunity Zone.
INVESTMENT FLEXIBILITY:Your business may be funded with an equity investment from any self-certified qualified entity. Such entities,known as Qualified Opportunity Funds, are derived via the reinvestment of capital gains generated by the
proprietor, “friends and family” and/or other outside investors, including funds being raised to makeinvestments in businesses in designated Qualified Opportunity Zones. To take advantage at least 70 percent
of the leased physical property must be in a Qualified Opportunity Zone for at least 90 percent of the timethe business leases it.
BENEFITS TO TENANTS:Investors in Qualified Opportunity Funds can achieve significant tax benefits for equity investments,including tax deferral and permanent tax reduction. A business funded by a Qualified Opportunity Fund
and located in an Opportunity Zone, could qualify for tax incentives if it meets one of three "safe harbors":at least 50% of the hours the employees or contractors work are spent within the Opportunity Zone, half of
the company's services are within the area or if the management and operations are based in thedesignated zones.
LOCATING YOUR BUSINESS:Locating your business within a within a designated Opportunity Zone property could allow an investor toenjoy the tax benefits of the Opportunity Zone program and offer your business access to tax-favorable
Qualified Opportunity Fund equity investment dollars.
Disclaimer: The information presented here has been prepared for general guidance on matters of interest only and does not constitute professional
advice. You should not act upon the information presented here without obtaining specific professional advice. No representation or warranty is given as
to the accuracy or completeness of the information. You should also be aware that additional Treasury Regulations are due to be released to further
clarify the Opportunity Zone Program provisions of the Internal Revenue Code.
Opportunity Zone
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 4
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
Upcoming
FOR MORE
Information
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