Forsberg Real Estate Company Bringing $30 Million of Investment to The Mid-Town Project in Lansing
JLL selected as exclusive leasing agent for 60,000 square feet of office space
LANSING, Mich,October 22, 2018 – Lansing-based Forsberg Real Estate Company is pleased to announce the acquisition of The Offices at Mid-Town, a five-story office building located at 501 S. Capitol Avenue in Lansing, Mich. The Offices at Mid-Town are home to approximately 60,000 square feet of vacant, contiguous office space. JLL has been selected as the exclusive leasing agent at the site.
The office space is just one piece of the mixed-use Mid-Town Project. Forsberg plans to invest $30 million across three city blocks, bringing 200 residential units, a grocery store and other destination retail locations downtown.
“Our vision is aligned with the local goals for growth. We want our project to continue to build a collaboration with local stakeholders and create spaces that are exciting for people to live and work in,” said Brent Forsberg, Principal. "With our investment in this space and the surrounding area, we’re planning to fully transform it into a destination for professionals, families and visitors to enjoy.”
JLL Senior Vice President Jeff Karger will represent the new ownership for all leasing activity.
“We're delighted to be a part of this transformation. This type of investment is exactly what this growing city can benefit from—more (and better) spaces to live, work and play downtown," said Karger. “With the recent growth in Lansing, we’re expecting immediate interest from prospective tenants looking to upgrade.”
Leasing for The Offices at Mid-Town is available now.
For more information, visit www.us.jll.com/en/locations/midwest.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com