KALAMAZOO, MICH. — Watson’s has signed a 25,000-square-foot retail lease for its first location in the Kalamazoo area. The national home living retailer will occupy the space at 6695 S. Westnedge Ave. in Portage, just south of Kalamazoo. Renovations to the former ABC Warehouse space are nearing completion, as Watson’s expects to open on May 27. The store will feature one of the largest displays of indoor and outdoor furniture, home recreation, pools and hot tubs in the area. Kara..
DETROIT — Local ironworkers constructing the Little Caesars world headquarters campus extension in Detroit held a topping out ceremony on Tuesday. Workers signed their names, attached banners, flags and an evergreen tree to structural steel beams that were hoisted into place. A Little Caesars mascot was also along for the ride. Led by contractor Brinker-Christman JV and designed by SmithGroupJJR, the nine-story, 234,000-square-foot building is located at the corner of Woodward Avenue and..
PLYMOUTH, MICH. — Party City Corp. has signed a 38,640-square-foot industrial lease in Plymouth, about 30 miles west of Detroit. The property is located at 41100 Plymouth Road. Larry Kelly of Signature Associates represented the landlord, Plymouth 1848 LLC, in the lease transaction.
GRAND RAPIDS AND LANSING, MICH. — Wolverine Building Group is constructing two apartment properties totaling 718,000 square feet in Michigan. Georgia-based Rise Real Estate is the developer. Skyvue Apartments is a 418,000-square-foot mixed-use development located in downtown Lansing. The $65 million project began with the demolition of a former car dealership. The property will include 338 units with a mix of one-, two- and four-bedroom units. Amenities include a sky view lounge, outdoor pool..
HOWELL, MICH. — MedCraft Healthcare Real Estate LLC has completed development of the Ascension Medical Center in Howell, approximately 30 miles north of Ann Arbor. The $13.5 million, 60,000-square-foot outpatient facility is located at the Latson Road exit on I-96. The new center will offer primary care services of family practice, internal medicine, obstetrics/gynecology and pediatrics. Specialties include cardiology, pulmonology and audiology. Other services include diagnostic imaging (with..
SOUTHFIELD, MICH. — Dembs Development has acquired the former Federal-Mogul Corp. headquarters in Southfield, a northern suburb of Detroit. The purchase price was not disclosed. The 360,000-square-foot office building, located on Northwestern Highway, has been vacant for over a year. The property was built in the early 1970s. Amenities include an underground parking garage, collaborative workspaces, auditorium, restaurant and outdoor seating. The property most recently sold for $12.7 million..
PORT HURON, MICH. — HP Pelzer Automotive Systems has signed a 90,000-square-foot industrial lease in Port Huron, about 60 miles north of Detroit. The manufacturer of acoustic and thermal components for the automotive sector will occupy the entire building located at 2336-2356 Beard St. HP Pelzer maintains additional facilities in Port Huron. Jason Capitani and Joe DePonio of L. Mason Capitani CORFAC International brokered the lease transaction.
DEARBORN, MICH. — Ford Land Development Corp., the real estate arm of Ford Motor Co., has begun transformation of the Dearborn campus with the groundbreaking of Wagner Place, a development featuring office and retail space. The $60 million Ford investment will provide Ford employees and nearby residents with new retail and restaurant options, complemented by green space, outdoor seating and enhanced walkability. Ford is transforming about two blocks of largely vacant buildings into the..
INDIANA, MICHIGAN AND OHIO — Four Corners Property Trust (NYSE: FCPT) has acquired 16 properties occupied by Bob Evans Restaurants as part of a $35.1 million sale-leaseback transaction. The transaction was completed simultaneously with Golden Gate Capital’s acquisition of Bob Evans Restaurants from Bob Evans Farms Inc. In the Midwest, the properties are located in Indiana, Michigan and Ohio. The other properties within the portfolio are located in Delaware, Maryland, New York,..
DETROIT — Founders Brewing Co. has unveiled plans to open a taproom in the lower Cass Corridor neighborhood of Detroit. The 14,000-square-foot property will be located at 456 Charlotte St., directly behind the Detroit Masonic Temple. Construction is slated to begin this summer with a grand opening set to take place in winter 2017. The company will brew beers at this location, as well as serve year-round, seasonal and specialty beers on tap. Founders Brewing currently operates a taproom in..