The select top office lease signed during the second quarter of 2013 in the Detroit market was at Maple Office Park Phase I in the Troy South submarket. United States of America renewed 74,800 square feet. Newmark Grubb Knight Frank represented the tenant.
Orchards Children’s Service leased 42,946 square feet at 24901 Northwestern Hwy. in the Southfield S of 10 Mile submarket. Signature Associates represented the landlord.
Residential Home Health leased 41,017 square feet at 5440 Corporate Dr. in the Troy North submarket. The Hayman Company – ONCOR Int. represented the landlord, while Skyline Property Group represented the tenant.
Aastrom Biosciences, Inc. renewed 33,303 square feet in Domino’s Farm Office Park in the Washtenaw E of 23 submarket.
This trend is compared to the U.S. National Office largest lease signings occurring in Q2 2013, which include the 551,454-square-foot renewal deal signed by the Department of Defense at the Zachary Taylor Bldg in the Washington DC market; the 546,604-square-foot lease signed by Conoco Phillips at Energy Center Three in the Houston market; the Transportation Security Administration’s 545,747-square-foot renewal deal at Pentagon City in the Washington DC market; and the 522,862-square-foot renewal deal signed by Simpson Thacher & Bartlett LLP at 425 Lexington Ave. in the New York City market.
The information in this news report is based on CoStar’s Second Quarter 2013 Market Report, a 40+ page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 888-226-7404.