Everstream Sells Two Michigan Properties

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CLEVELAND – December 1, 2016 – Everstream, a superregional fiber-based network service provider, has sold two Michigan properties obtained as part of its GLC/Comlink acquisition for a combined total of $4.62 million.

“The cash generated will be used to invest more into our Michigan network through future acquisitions,” said Brett Lindsey, president and chief executive officer, Everstream.

The first property, located at 1781 Holloway Dr., Holt, Michigan, sold for $3.72 million to real estate investor Neal Maclean of Royal Oak, Mich. The building is 93,108 square feet with office space and warehouse facilities.

The second property, located at 1515 Turf Lane, East Lansing, Michigan, which served as the headquarters for GLC/Comlink, sold for $900,000 to the National Association of College and University Food Services. The 10,200-square-foot, build to suit office building is minutes from downtown Lansing, East Lansing and Michigan State University.

Michigan team members will relocate to Everstream’s new regional office in downtown Lansing’s historic Knapp’s Centre, 300 S. Washington Sq.,—building upon the company’s commitment to growing jobs and investing in the region’s economic vitality.

Everstream’s new office space is an open floor plan—an intentional configuration to facilitate communication among team members and closely tied to Everstream’s culture. The company’s Cleveland headquarters follows the same concept.

“We want our offices to help facilitate communication between all areas of the business. Our new office helps make that possible,” Lindsey said.

About Everstream

Founded in 2014, Everstream is a superregional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest. We focus on delivering best-in-class network solutions while providing an unrivaled commitment to customer service. With more than 9,500 miles of fiber across five states and comprehensive data center connectivity at 100 Gigabit speed, we provide the fastest network in our service areas. Everstream’s network allows businesses to operate a converged IP network capable of delivering robust voice, video, and data services at speeds from 10 mbps to 100 gbps. For more information, visit everstream.net.

Contact:

Suzanne Scarpino
sscarpino@everstream.net
M: 216-346-5227
O: 216-302-2615

View source version here: https://everstream.net/press-releases/everstream-sells-two-michigan-properties/

Zack Halpryn

Zack Halpryn is an Associate at M|C Partners, where he focuses on investment opportunities in the digital infrastructure and technology services sectors. Prior to joining MC, Zack worked at HarbourVest Partners, where he was focused on buyout and growth equity investments. Previously he worked at Performance Equity Management and Credit Suisse. Zack received a B.B.A in Finance (summa cum laude) from the Isenberg School of Management at UMass Amherst. He currently lives in Boston’s West End and in his spare time enjoys playing sports (volleyball, basketball, golf), reading and watching the Celtics.

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Established in 1999 and based in Raleigh, is a trusted, local communications and managed services provider to businesses leveraging its fully owned fiber network. celito creates technology solutions for businesses across all sectors both large and small. From supplying high-speed Internet service, to providing quality VoIP telecom service, to setting up your office network, they offer turnkey solutions from the desktop to the cloud

 

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