The MSU College of Law has sold the building it owned for almost 10 years at 610 Abbot Road, East Lansing, to a group who will rehabilitate and add more apartment space. The College originally purchased the building to house the law school’s live-client clinics. “As a result of renovations made to the College’s facility on campus, the building was no longer needed for the original intent,” stated MSU College of Law Dean, Lawrence Ponoroff.
The purchasers, SRI Six, LLC, plan to renovate the 51,000 SF building, add apartments on the first floor and renovate the existing apartments on the second and third floors. The project is scheduled for completion by the 2020-2021 school year. Roy Watkins, Vice President of SRI indicated “We have been searching for a prominent, well located property in the East Lansing market for several years and have found a product that will provide a high-quality living option at affordable prices for MSU students and residents of the City of East Lansing.”
The sale and renovation of this property is another creative example of the City of East Lansing working with developers to grow and expand the renewable living options in the City.
Eric Rosekrans and Christopher Miller of Martin Commercial Properties facilitated the sale for Michigan State. The property had been on the market for a few years prior to Martin’s involvement and was placed under contract shortly after securing the listing.
Learn more about Martin Commercial Properties at martincommercial.com