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CBRE|MARTIN NEGOTIATES SALE OF 4.19 ACRES NEAR S. PENN/CEDAR AND I-96 IN LANSING

Wednesday, October 14, 2015   (0 Comments)
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CBRE|MARTIN NEGOTIATES SALE OF 4.19 ACRES NEAR S. PENN/CEDAR AND I-96 IN LANSING

Bill Snethkamp Automotive Group Plans to Expand Existing Dodge Dealership
EAST LANSING, MI – Oct. 12, 2015 – CBRE|Martin is pleased to announce the sale of 1000 Ramada Dr., near the South Pennsylvania/Cedar Street and I-96 interchange on Lansing’s south side.

Bill Snethkamp Automotive Group purchased the 4.19 acre property from Bill Wentworth, president of Miller Apple Group. Snethkamp plans to use two of the four acres for a new FIAT studio while also expanding its automotive lineup by adding Chrysler and Jeep to its existing Dodge dealership. The expected date of completion of the Chrysler and Jeep expansion is October 2015; construction of the FIAT studio division is estimated to be completed by spring 2016.

CBRE|Martin Senior Vice President of Brokerage Services, Shawn H. O’Brien, CCIM represented the seller in the transaction and is now working with Snethkamp Automotive to market the remaining portion of the site for a limited service hotel to compliment the development. The closing date on the property was August, 2, 2015.

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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