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SHELBY TOWNSHIP, MICH. — Indiana Metal LLC has purchased a 1.8 million-square-foot industrial property, which is located at 50500 Mound Road in Shelby Township, Mich. Automotive Component Holdings sold the property for an undisclosed price. The new owner plans to demolish the antiquated portions of the facility and make the remaining space available for rent or sale. Matt Osiecki, Gene Agnone and Chuck Ginster of CB Richard Ellis Detroit represented the seller in the transaction.