Lynn Drake
Principal
Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on twenty years of commercial real estate experience and expertise in corporate and institutional workplace design, planning, and project implementation.
Lynn became a commercial realtor in 2001 after 15 years in corporate real estate during which she initially managed and leased industrial real estate across North America for Central Transport, then directed real estate and facilities for 1,000 Kelly Services branches in the United States and Canada. Thus far in her career, Lynn has successfully completed over 2,000 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.
Lynn has been a strong supporter of the Leukemia and Lymphoma Society, and served as a City of Troy Planning Commissioner. She was featured on Florine Mark’s “Remarkable Women” show, and received Crain’s Detroit Business 2007 Real Estate Excellence Award. Lynn Drake joined ITRA in 2010. In 2014, she was honored by MiCeed as an outstanding achiever for Oakland County.
Lynn has a Bachelor of Science in Business (Accounting) from Oakland University. She also has a Master of Corporate Real Estate (MCR).
The following are representative of the types of projects Lynn has successfully completed:
Entech Staffing – Relocation and negotiation of 5 months rent-free saved this firm $19,440. Savings in rent of over $8.00/S.F. provided an additional savings of $213,675 over the term of the lease. Overall cost savings on this transaction was 50%.
Oxford Lakes Dental Care – Reduced building purchase price by $335,000. The cost to buy the entire building was less than the purchaser was paying in rent for the same location.
Leukemia & Lymphoma Society – Tracked all leases throughout North America, managed and negotiated all acquisitions, renewals and relocations. Reduced rents by $13M over 5 years.
Marcus Millichap – Hired by a competitor to help with their real estate needs was an honor. Lynn successfully negotiated an overall reduction in rent of $283,000 with a turnkey buildout.
Following are some interesting facts about Detroit and its commercial real estate market…