Kaufman & Jacobs Acquires Retail Property In Southfield, Michigan For $45M

The retail property located at 28400 Telegraph Rd in Southfield, Michigan has been sold in a closed transaction. The property spans an area of 193,850 square feet and was acquired by Kaufman & Jacobs, LLC from the seller, RPT Realty. The transaction was facilitated by brokers Amy Sands, Clinton Mitchell, and Michael Nieder of JLL. The sale price for the property was $45,000,000, resulting in a price per square foot of $232.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $45,000,000
• Date: 08/11/2022
• Address: 28400 Telegraph Rd, Southfield, Michigan
• Buyer: Kaufman & Jacobs, LLC
• Seller: RPT Realty
• Brokers: Amy Sands, Clinton Mitchell, and Michael Nieder - JLL
• Square Footage: 193,850
• Price per Square Foot: $232

The involvement of Kaufman & Jacobs, LLC and JLL in the transaction highlights the significant role played by these key individuals and companies. The deal was successfully executed, resulting in the transfer of ownership of this retail property located in Southfield, Michigan.