Two years after acquiring one of the two office buildings that comprise Butterfield Park Place in Troy, Mich., California-based LSTC added its sister property to its portfolio.
Wilson Real Estate, the previous owner of the 28,364 square-foot multi-tenant asset, will continue to oversee leasing efforts for both properties. L. Mason Capitani of CORFAC International represented both the seller and the buyer in the transaction, which marks LSTC’s eleventh office acquisition in the state of Michigan.
The one-story office building is located at 2250 Butterfield Drive and offers its tenants proximity to the Somerset Collection shopping center, Somerset Inn and Somerset Park Golf Course. It is approximately 20 miles from downtown Detroit and can be accessed via Interstate 75 off Big Beaver Road. Butterfield Park Place features ample parking as well as a park-like setting with a pond and fountain. Liberty Property & Asset Management will manage the property.
In addition to the Troy assets, LSTC also owns office buildings in other areas in Michigan such as Rochester Hills, Beverly Hills and West Bloomfield.
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