Eric D. Banks
Agent/Broker at CORE Partners in Bingham Farms, MI
Eric D. Banks is an Executive Principal / Partner and co-founder of CORE Partners, LLC (est. April 2006). In addition to his transactional services, Eric is acting Principal Associate Broker for the firm with responsibility for oversight of the company’s brokerage services team. As a member of CORE’s Executive Management Team, Eric is also responsible for the day-to-day operations of the company. CORE represents a broad spectrum of corporate clients and exclusively represents over 6.5 million square feet. Under the direction of the “Executive Management Team” CORE Partners, LLC has been consistently named among Detroit’s CoStar Power Brokers™. CORE was measured against all other commercial real estate brokerage firms active in this region and ranked based on overall transaction volume. As a recipient of the CoStar 2007-2011 Power Broker Award, CORE Partners is recognized as one of the top commercial real estate firms in the United States. Eric is also individually recognized for his professional work by CoStar as a Power Broker Award recipient.
Eric has been an active real estate professional since 1998 and has completed over $280 million in sale and lease transactions. Prior to becoming an Executive Principal/Partner with CORE, Eric was a Vice President with Friedman Real Estate Group, Inc. which he joined in 1998. Quickly distinguishing himself as a leading industry professional in Southeastern Michigan while with Friedman, Eric was named to the list of “Top Producers” each year from 1998-2005.
With specialized knowledge in investment, office retail, and hi-tech/industrial properties, Eric has a long established track record as a deal maker with a proven ability to work through more complex real estate transactions that may involve environmental risk, difficult value assessment, creative financing structures, bankruptcies, short sales, lease vs. buy analysis, new lease structuring, or executing and negotiating tax free exchanges. Representative clients for whom Eric has been engaged to perform work are some of the area’s largest property owners and corporations, including Liberty Property Trust (REIT), Burton-Share, RSM Development and Management, Crow Holdings, Capmark Finance, Peoples State Bank (PSB), Talmer Bank and Trust, Charter One Bank, Flagstar Bank, McKinley Inc., Stout Risius Ross, Berkadia, DRA Advisors, ARGUS, C3, Home Depot, Inc., Larson Realty Group, United Shore Financial and Stuart Frankel Development, to name a few. Ultimately, Eric’s in depth knowledge of the local commercial real estate climate and broad experience creates the environment for a successful transaction at favorable market terms that meet and surpass client expectations.
Prior to becoming a full time real estate professional, Eric practiced law for eight years with two of Detroit’s most prestigious law firms. Eric’s unique experience allows him to apply his real estate, business and legal background to those corporate real estate issues facing clients, whether through Owner/Landlord representation or Tenant/Buyer representation, Eric is recognized as providing clients with practical business strategies and insightful real estate solutions that are creative and fundamentally sound. Eric has a demonstrated expertise and successful track record in the areas of asset acquisition, disposition and leasing. He has extensive experience in both Tenant/Buyer and Landlord/Seller representation which provides an important understanding of the dynamics between both. Eric is a sought after consultant on real estate matters, often is retained by court appointed Receivers and frequently provides expert witness testimony in both state and federal court litigation matters.
A Michigan native and 1990 graduate of the University of Detroit School of Law, Eric resides with his wife and two children in Birmingham, Michigan.
Working in Commercial Real Estate since 1998, Catylist Member since 2004
All Property Types
Real Estate Licenses
Real Estate License: 6501289435
Real Estate Brokerage
Additional Languages Spoken
B.A. Political Science/Psychology
University of Arizona 1987
University Of Detroit School of Law, 1990
285,000 SF, Office (Office Building), Troy, MI
CORE Partners coordinates the sale of 1414 E Maple Rd., Troy (Maple Corporate Center) a 285,000 SF, 5 story office building from Maple Stephenson Development Associates, LLC (an entity formed by New York based Lehman Brothers Holdings who manages the remaining assets of the bankrupt Wall Street securities firm Lehman Brothers) to Sure Holdings, LLC of Birmingham, MI an entity formed to operate and manage Maple Corporate Center. United Shore Financial Services (USFS) one of the largest independent mortgage bankers in the United States has leased and will move into 110,000 SF on the buildings upper floors. The building will be re-named the United Shore Financial Center. Eric Banks represented USFS while Matthew Farrell and Michael Koenigbauer represented Lehman Brothers. Southfield based REDICO will continue to manage the property.
54,132 SF, Office (Office Building), Rochester Hills, MI
Eric Banks of CORE Partners represented the Seller, Livernois Associates, LLC-Rochester Hills in the sale of a 66,707 SF Midrise Office Building located at 445 S. Livernois Rd., Rochester Hills. The buyer, 445 S Livernois Associates, LLC was represented by Vito Pampalona of Vito Anthony Homes & Building Company. Closing date was 9/19/12. That property is well located near the intersection of S. Livernois and Walton Blvd. near the Crittendon Hospital and is one of Rochester Hills most prestigious office addresses. The property will be under new management with Vito Anthony Commercial Development.
1,000 - 7,400 SF, Retail-Commercial (Street Retail), Howell, MI
Michael Farrell, Eric Banks and Matthew Farrell of CORE Partners represented both the Landlord, Newtowne Center Limited Partnership and the Tenant, Immel Insurance Agency, LLC in a 1,000 SF, 60 month lease at 2524 East Grand River Ave., Howell. Lease commencement is 10/1/12.
1,200 - 3,600 SF, Industrial (Industrial-Business Park), Walled Lake, MI
CORE Partners leased 1,200 SF for 24 month to Kinville Grow, LLC at 1042 Benstein Rd., Walled Lake, MI.
4,675 - 7,400 SF, Retail-Commercial (Street Retail), Howell, MI
CORE Partners represented the owner, Newtowne Center Limited Partnership in a 123 month lease to the State of Michigan at 2530 E. Grand River Ave., Howell. The Tenant was represented by CBRE.
CORE Partners, LLC