600 7th St
(The Aslan Building)

The Aslan building was purchase in Partnership with Rockford Development Group and quickly converted from a 26 unit apartment complex, to a condominium community known as Seventh Street Lofts. The above average unit sizes and improving neighborhood, made this project a quick success. In addition to the residential units located on the 2nd and 3rd floors, the mixed use building provides over 25,000 SF of Office and Retail space on the ground floor. Ownership performed an extensive renovation of the interior and exterior of the building, which allowed for the residential units to begin selling and the removal of a low paying self storage operator with an office tenant willing to pay market rent.

460 Ada drive

Honeycrisp, in partnership with Acme Marine Group, completed a Build-to-Suite project for Acme’s corporate headquarters. Acme committed to the majority of the second floor, while leaving both office and retail space available to remaining tenants. The building’s prime location - in the Village of Ada - and unique design offering - multiple outdoor experiences - make it a highly desirable asset. 460 Ada Drive is a prime example of a win-win partnership between a business and its owners teaming up with a trusted real estate professional.

location

Ada, Michigan

size

16,670 SF

Year built

2019

Construction contract value

Undisclosed

estimated value

$6,000,000.00

665 Seward Avenue
(The John Widdicomb Building)

Honeycrisp, in partnership with Rockford Development Group, purchased the asset in 2016, relieving it from bank involvement. Since its acquisition, ownership has added value by renovating the main lobby and café, streamlining property management, securing long-term parking, renewing existing tenants, and leasing vacant space.

665 Seward is a beautiful, historic building on Grand Rapids' West Side, offering an ideal location close to downtown and major highways. The original architecture provides exposed ceilings and structural beams, as well as large windows throughout the building.

location

Grand Rapids, Michigan

size

113,950 SF

Year built

1880

most recent remodel

2018

acquisition price

Undisclosed in June 2016

estimated value

$13,500,000

1925 breton

1925 Breton is a two-story suburban office building located in a prime retail corridor. The building was 100 percent vacant when purchased from a large, institutional investor that was unable to provide the attention and flexibility the building needed. The underlining fundamentals were strong enough to warrant the front-end risk of the purchase. The project was done in partnership with Rockford Development Group and subsequently renovated, primarily for a government-related tenant. The building was half-leased prior to the building renovations being completed, allowing for strong upside.

location

Grand Rapids, Michigan

size

44,000 SF

Year built

1974

most recent remodel

2018 / 2019

acquisition price

$1,550,000 in June 2016

estimated value

$9,000,000