RE Journals: Crescent Academy Signs 66,000 SF Long-term Lease for New Charter School in Southfield, MI
August 9, 2024 – (Southfield, Michigan) P.A. Commercial is proud to announce the successful closing of a long-term lease for a 66,000-square-foot office space at 26200 Lahser Rd, Southfield, Michigan. This is the largest office lease transaction in the Southfield Market since March, 2021. This transaction will accommodate the new location for Crescent Academy, a rapidly growing charter school offering instruction from pre-kindergarten through eighth grade, committed to providing quality education to students in the region. The strategically located property in Southfield offers an ideal environment for the school, providing the necessary size, layout, and amenities to foster an enriching educational experience.
Matt Schiffman and Mike Gunn from P.A. Commercial represented the Landlord, Foster Financial, in this high-profile transaction. Schiffman and Gunn leveraged their extensive office market knowledge and negotiation expertise to secure a lease that aligns with Foster Financials’ strategic goals, while also meeting the needs of Crescent Academy.
“At a time where large office leases are slowing down, we are thrilled to have played a key role in facilitating this transaction for our client,” said Matt Schiffman, CEO/Managing Member at P.A. Commercial. “Like many deals in today’s market, this was a very long and complicated negotiation and the collaboration between all parties involved was exceptional. We are confident that Crescent Academy will thrive in their new location.”
Transwestern and OPEN Impact Real Estate represented the tenant, Crescent Academy, in this transaction. Their commitment to understanding the unique needs of educational institutions was instrumental in ensuring that Crescent Academy found a space that supports its mission and future growth.
This lease transaction underscores P.A. Commercial’s dedication to delivering superior results for our clients, whether they are property owners, tenants, or investors. Our team’s deep expertise in commercial real estate continues to drive success across a wide range of property types, including educational facilities.
Link to RE Journals Article: https://rejournals.com/p-a-commercial-closes-66000-square-foot-office-lease-for-crescent-academy-in-southfield/