Friday, January 10, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Michigan

DevelopmentIndustrialMichiganMidwest

Opus Breaks Ground on Two-Building Spec Industrial Development in Romulus, Michigan

by Kristin Harlow

ROMULUS, MICH. — The Opus Group has broken ground on Airport Corporate Center, a two-building speculative industrial development in Romulus, about 16 miles west of Detroit. The two buildings will total more than 270,000 square feet and are being marketed for warehouse and distribution tenants with space needs between 40,000 and 270,000 square feet. The project is situated less than a mile from I-94 and less than three miles north of Detroit Metropolitan Wayne County Airport. Building A will total 100,456 square feet with a clear height of 32 feet, 12 dock doors, 91 auto parking spaces and 13 trailer parking stalls. Building B will total 170,088 square feet with a clear height of 32 feet, 22 dock doors, 115 auto parking spaces and 28 trailer parking stalls. Both buildings are slated for completion in October. Opus is the developer, design-builder, architect and structural engineer. Sean Cavanaugh and Dave MacDonald of JLL are marketing the project for lease. Associated Bank provided construction financing.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestRetail

Preusser Jewelers Relocates to 1,897 SF Store in Grand Rapids

by Kristin Harlow

GRAND RAPIDS, MICH. — Preusser Jewelers has opened an 1,897-square-foot store at 1200 E. Paris Ave. SE in Grand Rapids. Known for being Michigan’s oldest jeweler, the company moved to the new location after being in downtown Grand Rapids for 173 years. Bill Tyson of NAI Wisinski of West Michigan represented the tenant in the lease. The landlord was undisclosed. Additional tenants at the center include Bill and Paul’s Sporthaus and Groskopf’s.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestRetail

MC Driving School to Open at Arbor Square Plaza in Ypsilanti, Michigan

by Kristin Harlow

YPSILANTI, MICH. — MC Driving School has signed a 2,322-square-foot retail lease at Arbor Square Plaza in Ypsilanti. The tenant will take the space formerly occupied by Weight Watchers at the center, which is located at the southeast corner of Carpenter and Ellsworth roads. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the landlord, Verus Development Group.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMichiganMidwest

Izzo Family Medical Center to Open in June in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — Gillespie Group’s medical services building that is opening in Lansing’s University Health Park has been named the Izzo Family Medical Center after Michigan State University’s basketball coach Tom Izzo and his family. The Izzo family received the naming opportunity to honor the contributions they have made in the community over the past 27 years. The 60,400-square-foot building, which is slated to open in June, will house three groups: McLaren Greater Lansing, MSU Healthcare and Corewell Health’s Helen Devos Children’s Hospital. The Izzo family will own the building in conjunction with developer Gillespie Group and a few other investors.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLeasing ActivityMichiganMidwestOffice

Guardian Alarm Sells 66,000 SF Office in Southfield, Michigan, Relocates to 37,111 SF Space

by Kristin Harlow

SOUTHFIELD, MICH. — Guardian Alarm has sold its 66,000-square-foot office headquarters in Southfield. The company has signed a new lease for 37,111 square feet at 26711 Northwestern Highway in Southfield. The new office will include a state-of-the-art alarm monitoring command center, updated training facilities and an expanded customer care center. The move also enables Guardian Alarm to consolidate its administrative offices, which are currently located in two separate buildings. The company expects to complete the move by late summer. Dan Verderbar of Friedman Real Estate represented Guardian Alarm in the sale and the new lease.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestOffice

Friedman Negotiates 41,400 SF Full-Building Lease at Office Property in Detroit

by Kristin Harlow

DETROIT — Friedman Real Estate has negotiated a new office lease for 41,400 square feet at 601 W. Fort St. in Detroit. The property was completed in 1912 and renovated in 2016. The tenant is an international sea and air logistics company and will occupy the building in its entirety. The property is situated near Michigan Central Station, which is currently undergoing the final phase of restoration by Ford Motor Co. Steve Eisenshtadt and Andrew Bower of Friedman represented the undisclosed landlord.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMichiganMidwestMultifamily

Bernard Financial Group Arranges $4M Loan for Refinancing of Multifamily Property in Traverse City, Michigan

by Kristin Harlow

TRAVERSE CITY, MICH. — Bernard Financial Group has arranged a $4 million loan for the refinancing of Tradewinds Terrace, a 122-unit multifamily property in Traverse City. Dennis Bernard and Joshua Bernard of the firm arranged the loan on behalf of the borrower, an entity doing business as Tradewinds Terrace Owner LLC. Ameritas Life Insurance Co. provided the loan, terms of which were undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestRetail

Stretch Lab Signs 1,207 SF Retail Lease in Ann Arbor, Michigan

by Kristin Harlow

ANN ARBOR, MICH. — Fitness concept Stretch Lab has signed a 1,207-square-foot retail lease at the Uptown Ann Arbor mixed-use development in Ann Arbor. Other retail tenants at the property include Beyond Juice, Marco’s Pizza, Banfield Pet Hospital, Paint Nail Bar, Detroit Wing Co. and The Great Greek. Stephen Smith of TNF Realty represented Stretch Lab in the lease. Michael Murphy, Vicki Gutowski and Tjader Gerdom of Gerdom Realty & Investment represented the owner, Beztak Properties.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityMichiganMidwest

Paslin Signs 113,742 SF Industrial Lease in Pontiac, Michigan

by Kristin Harlow

PONTIAC, MICH. — The Paslin Co. has signed a 113,742-square-foot industrial lease at 660 S. Blvd. East in Pontiac. Founded in 1937, the company is a full-service design-build organization serving the global automotive industry. Phil Konopitski of Friedman Real Estate represented the tenant in the lease. The landlord was undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts