TAS engaged to assist California Family Office with real estate acquisition

Turner Advisory Services LLC (“TAS”) recently served as the exclusive “owner’s representative” for the acquisition, due diligence and rehabilitation of a light industrial building located in Grand Rapids, MI.

TAS assisted with drafting the letter of intent and purchase & sale agreements. The company also coordinated all survey, engineering and environmental services and solicited construction quotes and prepared budgets for proposed building modifications. The buyer has since consummated the purchase and engaged TAS to oversee building improvements in Q3 2021.

The property is fully occupied and subject to a long-term lease and the additional acreage affords the opportunity for expansion of the existing or construction of a new independent building in the future.

According to Jay Turner, Managing Director of TAS, “This assignment is squarely in our wheelhouse and we have an ongoing, multi-year relationship with this client. In this instance, we were able to bring our diverse real estate skills and experience to the table in a geographic market that is difficult for the client to service from the west coast”, stated Mr. Turner.

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TAS is a boutique firm offering full service business enterprise acquisition, commercial real estate and project management services. Out-source your business acquisition, commercial real estate and project management needs to our team so that you may concentrate on your core business. We quarterback all assignments and work closely with most national and regional real estate brokerage and construction firms.

For more information about TAS, please contact Megan Jones at info@turner-group.com or by telephone at 248-521-5111.