Deals + Doings

July 12, 2021

P.A. Commercial Sells 22,000 SF Medical Building in Livonia

July 19, 2021 – (Livonia, Michigan) – P.A. Commercial is pleased to announce the sale of University Park Business Center located at 36650 5 Mile Rd, in Livonia Michigan.

This 22,000 SF former multi-tenant medical/office building was 100% occupied and is adjacent to St. Mary Mercy Hospital. The buyer plans to convert the building to a surgery center for a specialized gastroenterology practice. The deal closed for $3.6 million.

Peter H. Ventura, CEO/Managing Member of P.A. Commercial represented the seller, while Matthew J. Schiffman, Senior Associate of P.A. Commercial represented the buyer, Levan & 5 Holdings, LLC in this transaction.