(April 8, 2010 – CHICAGO) – Transwestern’s Detroit office today announced it was awarded the leasing of Central Business Park (CBP) in Southfield, Michigan. CBP is situated on approximately 18 acres and consists of twenty four single and multi-tenant buildings that offer a mix of office, warehouse and “flexible” user space. Most buildings offer 16’ – 21’ clear heights, rear truckwells and loading docks and multiple suite configurations, ranging from 1,500 square feet to 40,000 square feet. CBP is owned by PRS Equities Limited, a real estate investment, development and asset management firm headquartered in Birmingham, Michigan.

With over 50 years of collective experience, the Transwestern leasing team of Bill Harvey, Casey Powell, and Chuck Howard will be presenting this opportunity to the market. According to Bill Harvey, senior vice president of Transwestern, “This is one of the premier business parks in metro Detroit as evidenced by current tenants like Henry Ford Health System, FedEx, and Verizon. When you combine attributes such as good location, on-site food service, on-site management and a wooded, park-like setting, we start off with an immediate advantage over our competitors.”

CBP is located in Southfield, the geographic and demographic center of Metropolitan Detroit and the largest business district in Oakland County. CBP maintains a skilled and dedicated on-site property management team and is home to an on-site retail marketplace, a Fed Ex facility, and is close to area restaurants, office supply stores and dry cleaners. Additionally, the historic Plum Hollow Country Club is located across the street from the Park and offers special golf and social membership rates to tenants.

About Transwestern
Transwestern, one of the largest privately held commercial real estate and development firms in the U.S., is focused on creating value for our clients in each local market we serve. Transwestern’s unique business model offers fully integrated real estate services and operates through six distinct functional lines of business: agency leasing, property and facility management, investment services, tenant advisory, development and research for a broad range of property types, including office, industrial, retail, healthcare and multifamily. Transwestern leads the industry in sustainability and has received multiple EPA ENERGY STAR® awards. We have partnered with our clients and the USGBC to pursue LEED® certification on projects across the country.

About PRS Equities
Central Business Park is owned by PRS Equities Limited and operated by its PRS Management subsidiary. PRS Equities Limited is a real estate investment, development and asset management firm headquartered in Birmingham, Michigan. The principals of PRS Equities have acquired and/or developed in excess of $2 billion of commercial real estate over the past thirty years.