Interest high in recent sale of 2 Riverfront Towers

A sale of two of the three Riverfront Towers has gone through, to a New Jersey-based developer, after 10 proposals from potential buyers were received for the property in a five week period.


"This is going to remain the primo rental property in Detroit," said Mark Rohr, a partner in the Birmingham office of Phoenix-based Hendricks & Partners, which brokered the deal. "The feeling was that this is a real bargain, and will be a great long-term investment as Detroit improves."

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