FLINT TWP. — Treasure Enterprise has a vision to reinvigorate commercial development here and elsewhere.
Over the past three years or so, this Michigan LLC has purchased at least 20 commercial buildings, probably more than any other investment group in Genesee County, said Larry Holley, CEO. Several are in Flint Township including vacant ones that required renovation.
A driving vision behind these acquisitions is to serve as an incubator to help other businesses get started, said Christel Drew, executive business manager for Commercial Property Management (CPM). Most people know the company by the name CPM which is the managing arm of Treasure Enterprise, she said.
They are making a name for themselves as vision sponsors for people looking for office, retail, warehouse or church space.
“Our goal is for people to get in a position where they can become empowered economically by becoming an owner.” Drew said. “A lot of times we have to help people see the vision but once they see what we are doing, they can grab hold of it and run.”
CPM has purchased commercial and residential buildings in Flint Township, Swartz Creek, Grand Blanc and Flint. Drew only handles commercial properties — an estimated 200,000 square-feet of space.
“We have huge spaces and we have small spaces,” Drew said. Targeted tenants include those who perhaps started a business in their home and want to move out to commercial space or someone simply looking for a quality space at a reasonable rate.
“We have tenants who couldn’t necessarily afford some other places,’’ Drew said.
One such property is at 4215 W. Pasadena, a sprawling complex that formerly housed the Michigan State Extension Service. The building has been rehabilitated, divided into suites and fully occupied by five churches, a day care center, a Christian rock band and six small businesses, Drew said.
Another acquisition is Bristol Place, 4488 Bristol Road, where Texas-based Senderra RX Specialty Pharmacy opened in 2013 with the prospect of providing 170 jobs by 2016. Since moving in, Senderra has expanded to additional space in the building that is now nearly fully occupied, Drew said.
CPM also purchased the former Diplomat Plaza, at 2029 and 2033 Elms Road. Heart to Heart Hospice just moved there in December 2014, filling about 10,000 square-feet of the 17,500 squarefoot building.
Yet another 2014 acquisition is the 30,000 square-foot Beecher Professional building, 3169 Beecher Road, that is fortuitously located across the street from McLaren’s new Proton Therapy Center. CPM recently contracted with a healthcare company that will move into about 15,000 square-feet of that space in October. The new tenant will be consolidating three locations located outside of Flint Township and bringing them all under one roof, Drew said. It wlll be the first to occupy the renovated building.
CPM also is currently leasing space at 3163 Flushing Road, an office complex that is suitable for small bossiness or relatively large doctors’ offices, Drew said. Tenants who have moved there include three chiropractors, a designer, an accounting firm, social worker and lawn care service, she said.
“We are all about growth,” Drew said. “It is a joy for us to see a small business get larger an larger and eventually own its own building.”
That happened at the Mayfair Plaza on Clio Road in Mt. Morris Township where Drew completely redeveloped the former Goodie Barn space into an upscale resale shop then sold it to an entrepreneurial couple. CPM also helped a church group to buy the former Sunshine Bible Shop on South Saginaw Street. Drew said there are many other buildings up and down Saginaw Street that CPM has helped others buy.
Job creation is another plus of CPM’s commercial enterprise. Drew said that good maintenance workers and contractors (painters, drywallers, etc) are to find and CPM is constantly looking to hire more to keep pace with growing maintenance and renovation needs of the thriving company.
Anyone interested in working for CPM can contact Drew at 810-233-7128 for more information.