Page 20 - LRCC October 2020 Focus
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MEMBERS ON THE MOVE
COMPANY NEWS their degrees or certifications. In lieu of a desirable northwest tier area of East Lansing
ceremony, the CRTEC team created lawn signs near the Eastwood Towne Center and many
for each student featuring their name, the degree other amenities. The building is owned by 501,
they received and the college they attended and LLC, and is home to several high-quality tenants,
visited their homes to display them. including Independent Bank, McLaren Greater
Lansing, Thurn Law Firm, and Morgan Stanley,
NAI Mid-Michigan recently represented the among others. Daniel Sermak, senior real estate
Greater Lansing Food Bank in the sale-leaseback manager at Martin, will be the property manager
of its 30,000 square-foot Mint Road facility and for this location.
the purchase of a 7.2-acre land parcel on Webster
Road in Bath. The Food Bank will double its A New Markets Tax Credit investment from
warehouse size with its new $7.5 million facility Cinnaire supports the development of a
as part of its Building Hope campaign to address new, 100,000-square-foot building dedicated
hunger in mid-Michigan. Integral to proceeding to financial technologies, commonly called
The Capital Region Technical Early College with the new facility was the need to close on fintech, at the University of Delaware’s Science,
(CRTEC) is a high school-to-college program the sale of the existing facility, including finding Technology and Advanced Research Campus
where students start in grade 11 and leave after a buyer that would close and lease back the Mint in Newark. Cinnaire provided a $9 million
grade 13 with a college degree or certification. Road property to the Food Bank, eliminating the New Markets Tax Credit (NMTC) allocation
Tuition is free, and the program gives students need for a double move. Jim Vlahakis represented to the Delaware Technology Park to support
a relevant career-related experience. The Greater Lansing Food Bank in the transactions. the FinTech building, the latest project on the
program is a partnership between Clinton University of Delaware’s growing STAR Campus.
County Regional Education Service Agency Martin Commercial Properties, a leading Construction is expected to be completed in
(RESA) - Career Connections, the Eaton privately-owned real estate services and November 2021.
Regional Education Service Agency (RESA) development company, recently obtained the
Career Preparation Center, and the Ingham prestigious 2900 West Road building’s property Two new tenants recently leased space at
Intermediate School District (ISD) Wilson management contract, an 80,000-square-foot Waverly Plaza, a tattoo studio, Dark Designs,
Talent Center. This year, forty-two students office structure in East Lansing, Mich. 2900 leasing 1,500 square feet, and We Church leasing
completed their CRTEC programs and received West Road is situated in the popular and 2,000 square feet. Nu the Tailor also recently
TUNE IN FOR THE 26 ANNUAL
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ENTREPRENEURIAL AWARDS!
517 MAGAZINE PRESENTS
THE 2020 GREATER LANSING
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Saturday, November 14
7 p.m. | WILX TV 10
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PLATINUM SPONSOR: PRESENTED BY: GOLD SPONSOR:
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