Closed Transaction 
PRESS RELEASE  
January 3, 2010
For Immediate Release
Contact: Marketing Manager, Ashleigh Valliere
ashleigh@prime-development.com 
Prime Development Co.
Francis Realty Continues to Invest in Grand Rapids 

Grand Rapids, MI - Father and son investors Lynn and John Francis added 3501 Lake Eastbrook Boulevard SE Grand Rapids to their office investment portfolio. The three-story 40,000 square foot office building is situated on 3+ acres of lakefront property between Woodland and Centerpointe Mall and has an occupancy rate of 85%. Some tenants include AXA Advisers and Equitable, Meadowbrook Insurance and Ameriprise Financial. The building will be managed by Francis Realty.

 

Eric Trierweiler and Mark Ansara of Prime Development represented the seller, Mercantile Bank of Michigan. John Francis of Prime Development represented himself and his investors. Financing is provided by Chemical Bank. For more information contact John Francis at (616) 957-4733.

  

3501 Lake Eastbrook Blvd.

 

Prime Development was founded in 1987 as an all-commercial real estate brokerage and investment firm staffed by experienced professionals and continues this focus today. The firm offers real estate brokerage services for commercial and investment real estate to sellers and buyers, landlords and tenants.

Prime Development / 825 Parchment Drive, Suite 400 Grand Rapids, MI 49546-2382 /
Phone: (616) 957-4733 / Fax: (616) 957-4629 / www.Prime-Development.com /  
To contact John Franics: (616) 957-4733 x 315 or johnfrancis@prime-development.com 
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