Morning Calm Management Acquires Nine-Property Industrial Portfolio in Metro Detroit for $83.7M

by Alex Tostado

DETROIT — Morning Calm Management has acquired a nine-property industrial portfolio in metro Detroit for $83.7 million. Promanas Group sold the portfolio, which totals approximately 1.5 million square feet. The assets are located within Livonia, Auburn Hills, Redford, Saline, Lake Orion and Macomb Township. Tom Oldham and Dan Labes of Newmark Knight Frank oversaw the transaction.

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