NAI Farbman Closes Receivership Sales in Detroit, Ann Arbor

NAI Farbman, the brokerage arm of Midwest full-service commercial real estate company Farbman Group, has sold two properties as receivers in Detroit and Ann Arbor.

“Our receivership services are in high demand at a time of economic turmoil and uncertainty in commercial real estate sectors like office and industrial,” said Michael Kalil, Chief Operating Officer & Chief Revenue Officer at NAI Farbman.

The first sale was of 521 and 609 Old Saint Jean Street in Detroit, both industrial properties located just a few blocks from the Detroit River. NAI Farbman designated Dan McCleary and Nathan Casey as listing brokers, who successfully marketed and sold the receivership properties.

The second sale was of 30 Parkland Plaza and 4621 Park Road in Ann Arbor, both office properties are located off Jackson Road. NAI Farbman appointed Brad Margolis and Wendy Acho as listing brokers, who successfully marketed and sold the receivership properties.