ORCHARD LAKE, Mich., Sept. 30, 2010 — Princeton Enterprises, an Orchard Lake, Mich.-based real estate investment and management firm, recently announced the purchase of Independence Square Apartments in Clarkston, Mich. Princeton Enterprises Founder and CEO, Matthew B. Lester, made the announcement.
The 140-unit property is nestled on private Van Norman Lake. Independence Square Apartments offers large one and two bedroom units.
“Independence Square Apartments offers several amenities and is conveniently located close to restaurants, I-75 and major shopping destinations like Great Lakes Crossing,” said Lester. “Continuing to grow Princeton Enterprises’ presence in Michigan is an important goal for our company, and this purchase was mutually beneficial for both parties.”
The transaction closed the end of second quarter 2010.
About Princeton Enterprises
Princeton Enterprises, L.L.C. is a premier real estate investment and management firm based in Orchard Lake, Mich. that specializes in real estate acquisition, development, construction, finance, court-appointed receivership and property management. Founded in 1994 by West Bloomfield, Mich. attorney Matthew B. Lester, the company has grown to nearly 400 employees, overseeing more than 65 properties and over 12,500 individual apartment units in Michigan, Ohio, Indiana, Georgia, North Carolina and South Carolina.