A 1970s-era office complex in Dearborn is under new ownership and management as plans to transform the Parklane Towers into a full-service, amenity filled-office and retail center unfold.
The 490,000 square-foot buildings that are perhaps the city's tallest, most prominent structures, are now owned by Dubai-based Fairlane Ventures and will be managed by the Farbman Group from Southfield.
"Fairlane Ventures has ties to Dearborn and has been looking to invest in a quality asset in the state of Michigan for sometime," says Michael Kalil, COO of the Farbman Group.
The plan is to make changes to the building that make it more attractive to current and prospective tenants looking for amenities such as a new fitness center, a new, larger conference center, a redesigned lobby and tenant services such as on-site dry cleaning and child care that comes with special rates and accelerated placement at the nearby Rainbow Childcare.
“We are thrilled to leverage our best-in-class services to increase occupancy and further improve overall operations for these dynamic, recognized buildings. It’s the perfect opportunity for us to partner with savvy investors from overseas who believe in the strength of southeast Michigan and the ongoing revitalization of Detroit,” Kalil says. “To advance our strategic growth, we will continue forging new international relationships as more investors and developers from around the world recognize the opportunities offered right here in Detroit.”
In addition to managing the Parklane Towers for Fairlane Ventures' investors, Farbman will also manage 15 buildings totaling 500,000 square feet at the Fairlane Commerce Park in Dearborn.
Writer: Kim North Shine
Source: Andrea Trapani, IdentityPR, and Michael Kalil, COO Farbman Group
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