THOMAS DUKE - Key Persons

Job Titles:

• the Leasing Market Still Strong
• We Can Sell It - Regardless

JUST SOLD! 100% Occupied 8-unit Apartment Building The Thomas Duke Company and Adam Reid are pleased to announce the sale of Peach Tree Apartments in Westland, Michigan. 100% occupied 8-unit apartment buildingQuick 2-week closeCash dealNo... Timing is everything? Not quite. At least in real estate, there's another component needed to bring "everything" to the finish line.In 2019, Adam Reid contacted the owners of a Garden City apartment building. He'd sold... Yes, multi-family has been a high-value opportunity for the past two years. That doesn't mean any broker could maximize the opportunity.Since 2016, Adam Reid of the Thomas Duke Company has tended a relationship with the... Thomas Duke brokers Steven Valli and Adam Reid met with the owners of a 28,000 square-foot shopping center in Canton, Michigan. They'd inherited the property after the death of the man who had owned it... After his recent record-breaking sale, Adam Reid thought surely the price-per-door for a multi-family property in his team's region couldn't go any higher. Then it did, and he was the broker, again. The owners of... The multi-family market is the setting for a lot of today's win-win success stories. Take this recent sale of a 38-unit multi-family property completed by Adam Reid of the Thomas Duke Company:Central Court is an... The Thomas Duke Company successfully leased 50,409 Independence Street in Canton, Michigan, adding Goldwater Bank and The Village Pharmacy to the existing Coldstone Creamery, The Village Grocery, and more. After years of vacancy, Adam Reid... Adam Reid of the Thomas Duke Company sells a 5-unit apartment building in Garden City - twice - within 90 days. Initially, two partners had reached out to Adam Reid after hearing about his recent...

Job Titles:

• How about Some Good News

In February of 2020, Andrew Battersby of the Thomas Duke Company was excited when the owners of the office building at 43940 Woodward reached out asking him to sell their asset. The office market, which... Sell a distressed asset in the middle of a global pandemic. That sounds difficult, if not downright foolish, right? But Andrew Battersby and his client proved it to be exactly otherwise. The owner of the... Recently a long time client called, wanting our help selling his 84,700 SF office portfolio in Southfield. Constructed in the 1960s, the four buildings each had some deferred maintenance issues. After reviewing them, Andrew Battersby... After Andrew Battersby helped a client dispose of an 84,700 SF office park, that client came back. He wanted Andrew to help him purchase a larger asset than the one he'd sold. With a big...

Job Titles:

• Your Best Move

When the owner of Summit Auto Sales in Pontiac was ready to retire, he knew he owned a valuable piece of real estate. He didn't realize just how valuable until he called us. Light industrial... The retail space wasn't listed on any commercial real estate site. Other tenants in the shopping plaza didn't know it was available for lease. Nor did brokers-except Andrew Goble and his colleagues at the Thomas... Good organization-having one's ducks in a row-is critical for getting a deal successfully to the closing table. Also, being able to adapt when the ducks fly. Andrew Goble and Eric Szerlag were asked to list...

Job Titles:

• Conversation Corner: It 's Good to Be Back
• If It's Not Effective, It 's Not Marketing
• NOT ALL VACANT LAND IS CREATED EQUAL
• Team Trust

In real estate as in love, well-made matches are grounded in good listening.A property owner in Fenton came to us with a simple question: My tenant wants to purchase the building. Is she offering enough?...

Job Titles:

• Multi - Family Investments Selling Everywhere, and Fast
• NOW IS the TIME to SELL YOUR MULTI - FAMILY INVESTMENT
• Service from a to S

True, without their marketing skill, Dave Tesch and Steve Valli wouldn't have closed a recent deal. But there wouldn't have been a listing in the first place without an intangible dynamic.Eight years ago, a client... One apartment building. Three different investors. All three thought they'd made a smart investment, but each was surprised at how smart! When Dave Tesch sold a 5-unit apartment property in Clinton Township for him in... Dave Tesch most often expects one successfully closed deal to lead to and open another-sometimes years later. In 2014, a client asked Dave to help her buy a small apartment building. He found a four-unit... In today's market, some sales are moving so fast that even an experienced broker like Dave Tesch is surprised. The owner of two brick, ranch-style apartment buildings in Mt. Clemens had been talking with Dave... When our client brought a 21,575 square-foot medical office building in Clinton Township to us for property management services, he was clear that he wasn't planning to hold it for long. John Bridges, CPM, Director... It seemed like a search for a four-leaf clover. A client came to us with cash she wanted to invest in a four to six-unit apartment building. She'd had her eye on a property...

Job Titles:

• Vice President
• Church and State
• Riding the Boom in Residential Land Development
• Simple Economics
• Smooth Move

The Thomas Duke Company is pleased to announce Eric Szerlag as the newest Vice President of the company. With over a decade of experience in commercial real estate, Eric has played a major role in... The elderly owners of a South Lyon shopping center came to the Thomas Duke Company ready to retire from the work of managing multi-tenant investment property. They hired Eric and Mark Szerlag to market their... Attractive … and complicated. That describes certain cars, relationships, and commercial real estate transactions. Eric Szerlag of the Thomas Duke Company was reminded of that recently.The owner of the Goodrich Plaza hired Eric to sell... Eric Szerlag and Bill McLeod of the Thomas Duke Company go the extra mile whether or not a transaction demands it. Because that's who they are, that's what the company is about. Now and then... There's a story behind this success story-and for those in the real estate market, it's the more interesting one. Here's the upfront success story: Eric Szerlag and Anthony Vitale of the Thomas A.

Rooted relationships, nimble responses-a broker who has both can navigate all the roadblocks that might pop up and keep clients moving smoothly toward their destination. Frank Rakipi got a call from a client, the owner... When the owners of a long-standing business decided to sell their building, they called on a trusted name: Frank Rakipi of the Thomas Duke Company. The 14,480 square-foot building is home to Shooter's Service, a firearm...

Job Titles:

• Local Investor With an East Lansing
• Not As Simple As It Seems
• Seeing It through
• the Bad News and the Good News

When Mack Kim's lease was about to expire, the owner of Beauty Spot Cosmetics and Beauty Supply wasn't sure whether he should renew his lease, find a new location to rent, or purchase a building... A local investor with an East Lansing portfolio noticed that the Michigan Avenue corridor in that growing university town is sprucing up. Glimpsing the neighborhood's vibrant future and wanting to capitalize on it, he called... It seemed like the stars had aligned and dropped the perfect deal just blocks from the U of M campus. Jim Porth and Sarah Grabinski listed three student rental properties for sale. A successful orthodontist, Dr. Nicole Teifer is a specialized professional. When she wanted to expand Today's Orthodontics to a second location in Novi, she didn't try to research market trends, search available properties, negotiate rental...

A multi-family property-on a lake!Joe Evangelista knew that the location and the market demand for apartments could make this listing a rare and promising opportunity. Driving there, he found the ten-unit multifamily building on half... Sell an office building during a pandemic. Not the easiest assignment of the year. But Joe Evangelista and Dave Tesch also knew the old adage "location, location, location," and saw this office building had lots...

Job Titles:

• a Comprehensive Annual Business Plan for Commercial Real Estate
• a True Story of Value Add and Its Rewards Part 2 - Repositioning
• a True Story of Value Add and Its Rewards Part 3: the Deal
• Every Square Foot Counts: Turning an Investment into a Great Investment
• Manages Air Quality
• Personalized Service Wins Property Management Contract
• Property Management - Fidelity Investor Center in Novi

To meet your ownership goals and objectives, you need someone with the right education, experience, and industry knowledge to direct your investment property. That's why the Thomas A. Duke Company has welcomed John M. Bridges,...

Job Titles:

• Opportunity Knocks for Office Property Owners
• When It Takes Something

Job Titles:

• Historic Corner Finds New Life
• Resources Beyond Real Estate
• the Perfect Buyer

Sometimes we hear that every property listing has its Perfect Buyer. Is that true? Thomas Duke Company agent Jon Norton was asked to list the commercial building at 6952 John R Road in Troy. Within... Some things in life just aren't for sale. Nearly all investment real estate, however, is. Nearly. In the spring of 2021, a client asked Jon Norton to lease a 3,000-square-foot unit in the shopping center... Early last fall, a door slammed hard in the face of two of our clients. Jon Norton had helped the business partners identify an industrial property that fit their needs. After months of inspections and... When a non-profit group asked Mark Szerlag and Jon Norton to list their youth camp facility for sale, the Thomas Duke Company agents saw the 24 rolling acres in affluent Rochester Hills as an excellent...

Job Titles:

• Development Authority Director and Economic Restructuring Committee Chairman

Job Titles:

• Doing Right by a Family Portfolio
• Listening Gets It Right
• Timing Is Everything - and It Takes Planning

"Buy low, sell high." Of course. It sounds simple. But market prices rise and fall over time, and a business ready to change locations usually needs to act immediately. To reap a profit on the...

Job Titles:

• CCIM, Partner
• Network Marketing - 42nd Annual Event of International Council of Shopping Centers ( ICSC )

Other brokers said the asking price was too high. But intuition told the Thomas Duke Company's Mark Szerlag and Eric Szerlag that the price at which they listed 34700 Grand River was just right. The... Always Be Closing. Szerlag has spent his entire career with the Thomas Duke Company and year after year he has been a top producer in his market. With more than $600 million in commercial real... The Thomas A Duke Company has completed the sale of a 20,000 square-foot retail center for well above the area's market rate. When we took on the assignment to sell the property at 42050... We at the Thomas A. Duke Company know that network marketing is a key component in our strategy to market properties for sale or lease. Most recently we participated in the Michigan Idea Exchange and... Mark excels in the sale of both user and investment properties as well as land for development. With his background in personal direct marketing, analysis, and research, he's able to provide clients with well-considered, systematic solutions to their real estate needs. There's no better evidence for just how consistently Mark delivers the best service in his market than the more than $600 million in commercial real estate sales he's successfully completed. In fact, over the past 30 years Mark has listed and sold more commercial properties from Novi to Brighton than any other broker, earning him these honors and positions: • CCIM since 1990

Job Titles:

• Owner

The owner of the property knew it had problems. He had tried to sell the two-building apartment complex himself but failed to generate offers over $4 million-despite its 1.4 acres on the Huron River and...

Job Titles:

• Article from Crains 's Detroit Business - When the U.S. Marshals Say "Sell
• Better for It
• Never Back Down from a Challenge
• No Pandemic Gloom in Downtown Plymouth Real Estate
• Sometimes It Is Who You Know
• Transplanting the Local Florist
• When the Door Closed, It Closed Hard and Fast

"Hello, Steve. I'm calling to keep my promise." On the phone was a man who had asked me to list his Livonia car sales and repair shop in 1998. After we had begun marketing the... It's just like the rest of life. In commercial real estate deals, proposed solutions that look simple on the surface usually aren't. Lift the lid, and you'll find tangles and knots beneath. Because he knew... It might seem surprising, but it's true: Commercial real estate, done well, is a business based in good listening. A longtime client asked to speak with me. For more than forty years he's owned and... When the owner of a multi-tenant building in Livonia asked Steve Valli to sell the property, Steve took a deep breath. Twice before he'd been asked to sell the building, and both times, odd, out-of-the... Remove a deed restriction, add a deed restriction, and close the deal in two weeks. Those were just some of the circumstances facing Thomas Duke Brokers Frank Rakipi and Steve Valli Just before the New... Sometimes gems need a little refining before their value is apparent. That's when a professional's eye and expertise are essential to making a sale. When the owner of the Glassworks glass-blowing studio approached Steven Valli... After two firms were unsuccessful in selling a 1.3-acre parcel in Canton Township, the owner enlisted the help of Steven Valli. The property was in a great location but needed a fresh approach in marketing.... Here's one more example of the momentum in the current seller's market: The owner of a 28,000-square-foot light industrial building in Dearborn Heights asked Steven Valli and Frank Rakipi of the Thomas Duke Company to... "I need to sell my building by this date!" That was the urgent challenge the owner of a medical building in Romulus gave to Steven Valli and Frank Rakipi of the Thomas Duke Company. The... The future is looking bright for retailers and visitors in downtown Plymouth. Last month, Steven Valli of the Thomas Duke Company assembled and closed a deal on a 3-lot parcel at the corner of Deer... A rising wave: that was the shape of Michigan's strong commercial real estate market in 2014. Capitalizing on that surge, Thomas Duke Company associates Steven Valli and Frank Rakipi logged a record 65 transactions. Will... When the owner of a multi-use building in downtown Ypsilanti contacted Steve Valli and Bill McLeod at the Thomas Duke Company about selling the property, he expected the service of professional real estate experts. By...

Job Titles:

• MEET OUR NEWEST TEAM MEMBER
• Now Hiring: Administrative Assistant / Marketing Coordinator
• Service Multiplied

Choosing the Thomas Duke Company, Andrew Goble chose to come home. He grew up here in Southeast Michigan and always envisioned returning to invest in the community that raised him. He left for a while...

Job Titles:

• It 's Spring and the ( Indoor ) Air Is Fresh and Clean
• the Breakroom: Offering Fresh Food Convenience to Our Tenants

This is an adaptation of a blog that Trevor wrote for the Institute of Real Estate Management's April 2021 newsletter. Finally, it's spring in Michigan! As warmer weather, vaccinations, and immunity spread across the state,... At Thomas Duke Company, we are confident that when you are able to return to your office, you can do so safely. We have been hard at work keeping our buildings clean and prepared for...