ANN ARBOR, MI -- McMullen Company (www.mcmullencompany.com), an Ann Arbor commercial and residential real estate development and management firm, has signed Christopher Place Senior Communities (www.chrisplacesenior.com) to a new lease doubling its space in The Ponds South Office Center, one of multiple McMullen-owned buildings in Valley Ranch Business Park on Ann Arbor's south side.
Christopher Place is an Ann Arbor, MI-based real estate sponsor and operator of senior housing projects. Since the company's founding in 1990, Christopher Place has acquired over $100 million of senior housing real estate in five Midwest states. The company has 150 employees, seven of whom work in the company's headquarters in The Ponds South.
Christopher Place structures and markets Tenant-in-Common (TIC) investments to accredited investors who are seeking to defer capital gains through a 1031 exchange on prior real estate investment sales, and are looking to invest in larger real estate properties without the hassles of day-to-day property management. Christopher Place also offers LLC investments to those who are not investing exchange proceeds.
"Six months after moving into The Ponds South, we could see we needed more space," says Charles Maulbetsch, founder and CEO of Christopher Place. "We were growing faster than we originally planned. McMullen did a fantastic job on our expansion. We had the same great architects and construction crew from our initial office build-out. Our headquarters now look as if they were always designed for this larger amount of space."
Christopher Place Senior Communities can be contacted at 3891 Ranchero Dr., Suite 40, Ann Arbor, MI 48108, phone: (734) 997-7015, email info@chrisplacesenior.com.
In Valley Ranch Business Park, McMullen offers a total of 250,000 sq. ft. of Class A office space within single-story buildings in an open country-like setting featuring mature trees, wetlands, and grassy fields. The Ponds Office Centers, South and North, have 30,300 sq. ft. each. Tenants enjoy free parking and easy access to highways and airports, with close proximity to downtown Ann Arbor and the University of Michigan. McMullen will modify space in its Valley Ranch buildings to a tenant's specific requirements.
Through four generations, McMullen family members have developed commercial and residential real estate in the Ann Arbor area. Projects of historic note have included Briarwood Mall and surrounding office buildings. Today McMullen Company constructs, leases, and manages only properties that it owns -- over 25 currently. Among them are office buildings, multi-family apartments, residential condominiums, and motels/hotels.
More information is available from McMullen Company, 825 Victors Way, Suite 230, Ann Arbor, MI 48108, phone: (734) 769-1800, email: ted@mcmullencompany.com.
First Call Analyst:
FCMN Contact:
Source: McMullen Company
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| Notes:
CONTACT: Ted McMullen of McMullen Company, +1-734-769-1800, or
ted@mcmullencompany.com; or Chris Kochmanski of DesignHub, Inc.,
+1-734-944-8705, or chris@design-hub.com, for McMullen Company
Web site: http://www.mcmullencompany.com/
http://www.chrisplacesenior.com/
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