August 29, 2016 9:58 PM ET

Real Estate Management and Development

Company Overview of Bedrock Management Services, LLC

Company Overview

Bedrock Management Services, LLC, doing business as Bedrock Real Estate Services LLC, operates as a commercial real estate organization. It leases space in its office and retail spaces in Detroit; and uncovers, acquires, develops, and manages undiscovered real estate opportunities. The company also provides a social media platform that works in sync to keep tenants informed in real time; and Blocal, an online resource that provides a client with daily updates on Detroit happenings and connects a client with the services and perks available to Bedrock tenants. Bedrock Management Services, LLC was founded in 2010 and is based in Detroit, Michigan.

1092 Woodward Avenue

Detroit, MI 48226

United States

Founded in 2010

Phone:

313-373-8700

Fax:

877-382-3083

Key Executives for Bedrock Management Services, LLC

Founder and Chief Executive Officer
Co-Managing Partner
Executive Vice President
Director of Synchronicity
Vice President of Construction
Compensation as of Fiscal Year 2016.

Bedrock Management Services, LLC Key Developments

Bedrock Real Estate Services Acquires Avenue Shops at Tower City Center in Downtown Cleveland

Bedrock Real Estate Services announced the acquisition of The Avenue Shops at Tower City Center from Forest City Enterprises. The iconic three-story, 366,000 square foot retail center is located at 230 West Huron Road in the heart of downtown Cleveland. The shops are currently comprised of more than 100 retailers and restaurants as well as an 11-screen movie theater. The acquisition includes approximately 3,300 associated parking spaces in attached decks and adjacent surface lots. The shops serve as a gateway to all of the city's major attractions and landmarks and sit directly above the Greater Cleveland Regional Transit Authority (RTA) central rail station where millions of rapid transit riders converge on the city with direct access to the mall. The Avenue Shops are connected to the Ritz-Carlton Hotel, Skylight Office Tower and Terminal Tower, and via indoor walkways to Quicken Loans Arena and JACK Cleveland Casino (inside the historic Higbee Building). The shopping complex, with its dome-shaped roof, also opens onto Cleveland'sPublic Square, a four-block central plaza currently undergoing a $37 million renovation.

Bedrock Real Estate Services Buys Downtown Detroit Property

Bedrock Real Estate Services bought another downtown Detroit property - a modern, mid-rise building at 1900 St. Antoine. The company has already leased most of the vacant space to a soon-to-be-announced tenant that is expected to bring with it hundreds of employees. At about 108,000 square feet, the building is next to Ford Field, and includes rights to the Ford Field parking deck.

Bedrock Real Estate Services Buys 3 More Downtown Detroit Buildings

Bedrock Real Estate Services announced that it has bought three more downtown Detroit buildings along Woodward Avenue and the forthcoming M-1 Rail line. The buildings adjoin each other and comprise the Lofts @ Woodward Center, an occupied 61-unit residential apartment complex with three ground-floor retail spaces at 1424-1448 Woodward Ave. The project was developed in the early 2000s by the Farbman Group of Southfield, which was the seller in this latest Bedrock transaction. Bedrock plans to keep the 61 apartments and hopefully fill the two retail storefronts that are currently vacant. Included in the deal was a 28-space surface parking lot behind the buildings.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 6, 2016
Grinnell building and Sanders building along Woodward Avenue
Merger/Acquisition
March 23, 2016
The Avenue Shops at Tower City Center in Downtown Cleveland
Merger/Acquisition
March 15, 2016
1900 Saint Antoine Building
 

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