Relocation of law firm marks beginning of $2.8 million mixed-use student housing development in downtown East Lansing
EAST LANSING, MI – October 7, 2014 – A new mixed-use student housing development—The Element 903—is coming to downtown East Lansing in the former office location of Foster & Harmon P.C. at 903 E. Grand River Avenue. The upscale apartment complex will boast 18 two-bedroom/two bathroom units with 1,500 sq. ft. of retail space located directly across from Michigan State University. The project is being developed by Kincaid Henry Building Group, Inc.
Foster & Harmon P.C., owners and landlords for the new mixed-use housing development, relocated their law practice to 139 W. Lake Lansing Rd., Ste. 210, East Lansing, MI. The move initiates the beginning of the project, making way for groundbreaking scheduled for October 7, 2014.
CBRE|Martin assisted in the relocation process providing tenant representation and securing a lease agreement in less than two weeks after initial contact. Pending the anticipated delivery of a tenant by CBRE|Martin for fall 2015, Foster & Harmon P.C. will entertain a permanent residency in the Lake Lansing location.
CBRE Senior Associate/Office Advisor Thomas Jamieson represented the owners, Foster & Harmon P.C., in the transaction.
“CBRE|Martin was very helpful in providing us several options to consider. We had a tight timeline and we are thankful for their efforts,” said Richard Foster, attorney and co-owner. “Our new project is very exciting and we are hopeful that CBRE|Martin will have success in securing a tenant.”
About CBRE|Martin
CBRE|Martin is a CBRE affiliate office serving Mid-Michigan. CBRE|Martin offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; and research and consulting. Please visit our web site at www.cbrelansing.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
