New Tenant Announcement: Allstate Insurance, Perrysburg Market Center

On February 26, 2019, Allstate Insurance took possession of the nation-wide insurance firm’s newest retail space; a 1,200 SQFT suite in First Commercial’s Perrysburg Market Center, located in Perrysburg, Ohio. Allstate Insurance entered into a five-year triple net lease on the space, with two five-year renewal options. The deal was negotiated by Warren Terrace of …

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First Commercial Announces Big Changes in its 30th Year

First Commercial Realty & Development Co., Inc. announces big changes in its 30th year in business. Co-Founder and President Bill Watch has assumed the role of CEO, as his son, Logan Watch, has been hired in to the newly created position of Director of Asset Management. In this capacity, he is responsible for enhancing the …

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Closet NV Joins First Birmingham Shopping Center

Warren Terrace recently negotiated a deal with Closet NV to be the newest tenant to join the First Birmingham shopping center. First Birmingham is now 100% leased and is one of the strongest retail properties in the First Commercial portfolio. Closet NV, a designer merchandise consignment store, has recently been honored by Hour Magazine as …

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Growing the First Commercial Business

Reacting to an upturn in our construction business, First Commercial is proud to announce the expansion of its construction department to include general contracting throughout the Midwest. First Commercial now offers brokerage property management, development, general contracting, and construction management services. As a result of this new undertaking the construction division has completed projects in …

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Detroit 2015: Big Changes on the Horizon

First Commercial is confident that Detroit is on its way to becoming a destination for visitors, conventions, and new businesses. With the bankruptcy behind it, the city is once again on the rise as large companies and individuals are dedicating significant amounts of time and money into revitalizing downtown and midtown Detroit. One major investor, …

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Property Management, the Unsung Hero of Commercial Real Estate

First Commercial Looks to Expand its Reach into Property Management with Livonia, Mich. Property First Commercial Realty & Development currently manages a property at 5 Mile and Hubbard in Livonia, Michigan. The property went into foreclosure and is owned by Monroe Bank and Trust. Because a financial institution is neither prepared or qualified to management …

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Highland Park Place: Twenty Years Later

1992 was a rough year for the city of Highland Park, Michigan. Automotive giant Chrysler had relocated its headquarters from Highland Park to Auburn Hills, and the wake of the move, both the Highland Park Hospital and the Woodward Avenue Sears store permanently closed their respective doors. Not to mention Benjamin Atkins, also known as …

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The Key to Commercial Real Estate Success: Finding a “Tenant of the Times”

Property owners are adapting to new tenants in the face of a tough economic climate Recent economic factors have led to especially hard times for the commercial real estate industry; suitable tenants are few and far between, banks are unwilling to lend, and vacancies are at an all time high. In addition to the lagging …

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Elements Therapeutic Massage Finds a New Home in Birmingham, Michigan

First Birmingham’s Newest Addition Offers Alternatives to Traditional Massage Elements Therapeutic Massage, 755 East Maple Road, Birmingham, Michigan, became the newest member of First Commercial’s First Birmingham shopping center when it opened its doors on February 4, 2012. Elements differs from traditional spas; instead of only focusing on the beauty and relaxation aspect of massage …

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