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CBRE|Martin NEGOTIATES SALE OF FRANK’S PRESSBOX EAST TO UKAI RESTAURANT IN OKEMOS

Tuesday, August 4, 2015   (0 Comments)
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CBRE|Martin NEGOTIATES SALE OF FRANK’S PRESSBOX EAST TO UKAI RESTAURANT IN OKEMOS

EAST LANSING, MI – August 4, 2015 – CBRE|Martin is pleased to announce the sale of the 2314 Woodlake Rd. property located in Okemos, Mich.

Malata LLC, sold the 6,853 SF, 1.77 acre property, formerly Frank’s Pressbox East restaurant, to new owner, Ukai Restaurant 5, Inc. In an effort to keep up with increased demand for great sushi and the Hibatchi dining experience, Ukai was ready to find a second location in Okemos. Ukai plans to begin remodeling the restaurant in the next few months with a projected grand opening of spring/summer 2016.

CBRE|Martin retail advisor, Todd M. Kosta represented the buyer in the transaction. Even though the property was off the market at the time, Kosta knew it would be a good fit for Ukai so he reached out to the representative of ownership and negotiated the sale. The closing date on the property was July 24, 2015.

“It was a pleasure working with Todd Kosta from CBRE|Martin, he really understood the process of buying a restaurant and transferring a liquor license. He found a great location for Ukai, we are excited to start construction and hope to be open by summer 2016,” said Song Su Kim, vice president of Ukai Restaurant 5, Inc.

About CBRE|Martin
CBRE|Martin is a CBRE affiliate office serving Mid-Michigan. CBRE|Martin offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; and research and consulting. Please visit our website at cbrelansing.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at cbre.com.


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