Posts tagged Waters Building
The Grand Rapids office market is showing signs of growth. Recent transactions at NAI Wisinski of West Michigan show a possible glimpse of what the rest of 2012 has in store. Last week, Stan Wisinski and Mary Anne Wisinski-Rosely closed a sale at 98 E. Fulton, the former Jacobson’s Department Store. Located on the Southeast corner of Fulton and Sheldon, the 38,134 SF landmark building has been leased by various tenants since Jacobson’s vacated the site, but is now to be owner occupied on the first floor and basement. Stan Wisinski and Mary Anne Wisinski-Rosely represented the seller, John Postma of Fulton Street Partners, LLC, and Midwest Realty Group represented the buyer, Acton Institute. The transaction included a long term lease of the second floor to West Michigan Center for Arts and Technology (WMCAT).
They have seen an increase in activity in some of their other downtown listings as well. Even the building they occupy at 100 Grandville SW has seen activity and is closing in on 100% occupancy. It currently sits at just under 91% occupancy, with another lease in the works. “Someone turned on the switch and office space downtown is starting to fill up,” said Stan Wisinski. “I look forward to seeing the overall effect this has on downtown.”
NAI Wisinski’s work has not gone unnoticed. They just received the lease listing for the historic Waters Building. The 282,200 SF building is conveniently located at 161 Ottawa. Tenants for this building include the Gilmore Collection’s Ottawa Tavern and Bite Bar & Restaurant. “We are very grateful to have received the listing on the Waters Building, but the work is just beginning,” said Mary Anne Wisinski-Rosely. “We have handled projects on this scale before and we know what it takes to make sure we achieve our client’s goals. Our office team at NAI is ready to roll up our sleeves and get to work.”