Michigan

West Michigan Transport to Open 10,000 SF Office in Grand Rapids

by Kristin Harlow July 17, 2023

GRAND RAPIDS, MICH. — West Michigan Transport, a freight brokerage headquartered in Holland, Mich., is opening a new office in Grand Rapids. The 10,000-square-foot office is scheduled to open in September. West Michigan Transport says the expansion to Grand Rapids comes in response to the increasing demand for logistics solutions. The company plans to hire 100 individuals, ranging from entry-level sales and operational roles to experienced account managers. Hillary Taatjes Woznick of NAI Wisinski of West Michigan represented the tenant, while colleagues Mary Anne Wisinski-Rosely and Jason Makowski represented the undisclosed landlord.

July 17, 2023

Acquisitions Industrial Michigan Midwest

Dominion Arranges Sale of 9,673 SF Auto Repair Shop in Clawson, Michigan

by Kristin Harlow July 17, 2023

CLAWSON, MICH. — Dominion Real Estate Advisors has arranged the sale of a 9,673-square-foot auto repair shop in Clawson, a northern suburb of Detroit. The sales price was undisclosed. The property is located at 650 N. Rochester Road. Barry Landau of Dominion represented the seller, Kimberly Tire & Wheel, and the buyer, XCEL Collision LLC.

July 17, 2023

Acquisitions Hospitality Michigan Midwest

Marcus & Millichap Brokers $1.8M Sale of Bliss Point Inn Hotel in New Buffalo, Michigan

by Kristin Harlow July 14, 2023

NEW BUFFALO, MICH. — Marcus & Millichap has brokered the $1.8 million sale of the Bliss Point Inn hotel in New Buffalo, which is located just north of the Indiana state border and along Lake Michigan. Located at 11539 O’Brien Court, the property includes 90 rooms. Ebrahim Valliani and Michael Klar of Marcus & Millichap represented the buyer and seller, both private investors. Chris Gomes and Allan Miller of Marcus & Millichap were also listed on the deal as supporting brokers. Steve Chaben, the broker of record in Michigan, assisted in closing the transaction.

July 14, 2023

Acquisitions Industrial Michigan Midwest

Friedman Brokers Sale of 29,918 SF Industrial Building in Sterling Heights, Michigan

by Kristin Harlow July 11, 2023

STERLING HEIGHTS, MICH. — Friedman Real Estate has brokered the sale of a 29,918-square-foot industrial building in Sterling Heights, a northern suburb of Detroit. The sales price was undisclosed. The property is located at 6255 Center Drive. Zach Cummings and Ryan Stipp of Friedman represented the seller, NSH USA, a manufacturer of specialized and multifunction machine tools and automation systems for railway, automotive, aerospace and other industrial manufacturers worldwide. The company will relocate to 6095 15 Mile Road in Sterling Heights. NSH USA maintains its headquarters in Albany, N.Y.

July 11, 2023

Acquisitions Indiana Michigan Midwest Retail

Marcus & Millichap Arranges Sale of Two Childcare Properties in Indiana, Michigan

by Kristin Harlow July 7, 2023

AVON, IND. AND CANTON, MICH. — Marcus & Millichap has arranged the sales of two Childtime childcare properties in Avon, Ind., and Canton, Mich. The properties sold for $2.6 million each. Both had corporate guarantee from Learning Care Group and seven-year lease extensions. Dominic Sulo of Marcus & Millichap represented the seller, a limited liability company. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap secured and represented the buyer, a private investor.

July 7, 2023

Acquisitions Industrial Michigan Midwest Northmarq

Northmarq Brokers $8.6M Sale of Industrial Property in Auburn Hills, Michigan

by Kristin Harlow July 6, 2023

AUBURN HILLS, MICH. — Northmarq has brokered the $8.6 million sale of a 77,100-square-foot industrial property in Auburn Hills. The single-tenant facility is fully leased to the Morrell Group, including its division Stegner Controls, which is a motion controls manufacturer that services dozens of industries including the automotive industry. The property at 3333 Bald Mountain Road was built in 1998 and renovated in 2021. It features 57,825 square feet of warehouse space and 19,275 square feet of office space. BJ Feller and Josh Dicker of Northmarq represented the seller, a Michigan-based developer. The buyer was a California-based private investor.

July 6, 2023

Acquisitions Industrial Michigan Midwest

Dominion Brokers Sale of 51,329 SF Industrial Building in Lexington, Michigan

by Kristin Harlow July 5, 2023

LEXINGTON, MICH. — Dominion Real Estate Advisors LLC has brokered the sale of a 51,329-square-foot industrial building in Lexington, a city in eastern Michigan along Lake Huron. The sales price was undisclosed. The property is located at 5160 Lakeshore Drive. Rem Murray of Dominion represented the undisclosed seller. David Wax of Burger & Co. represented the buyer, an entity doing business as KCRE LLC.

July 5, 2023

Hospitality Loans Michigan Midwest

Bernard Financial Group Arranges $31M Construction Loan for Hotel in Detroit

by Kristin Harlow June 30, 2023

DETROIT — Bernard Financial Group (BFG) has arranged a $31 million loan for the construction of a new AC Hotel in Detroit. Dennis Bernard, Dan Duggan, Joshua Bernard and Adam Ferguson of BFG structured the loan on behalf of the borrower, an entity doing business as AC Detroit Holdings LLC. Further details of the transaction were not provided. The AC Hotel chain is under Marriott.

June 30, 2023

Affordable Housing Development Michigan Midwest Multifamily

Woda Cooper Opens 49-Unit Woodward Way Apartments in Meridian Township, Michigan

by Kristin Harlow June 30, 2023

MERIDIAN TOWNSHIP, MICH. — Woda Cooper Cos. Inc. has opened Woodward Way Apartments in Meridian Township, just east of Lansing. The 49-unit affordable housing community is comprised of two buildings and features amenities such as a multipurpose room, laundry facility, playground and picnic area. Units are reserved for those who earn 30 to 80 percent of the area median income. There are five units for residents with physical disabilities and one unit for sight and hearing disabilities. Eight units have rental assistance through project-based vouchers awarded by the Lansing Housing Commission. Monthly rents range from $391 to $1,175, depending on income restriction and size of unit. Financing for the $13.9 million development came from Low-Income Housing Tax Credits allocated by Michigan State Housing Development Authority through its Qualified Allocation Plan, which aims to identify where affordable housing is most needed in the state. Syndicator Marble Cliff Capital provided equity financing by purchasing the tax credits. Cedar Rapids Bank & Trust provided a permanent mortgage, and First National Bank of America provided a construction loan. Hooker DeJong Inc. was the architect, and Woda Construction Inc. served as general contractor. Woda Management & Real Estate is providing onsite management and maintenance as …

June 30, 2023

Acquisitions Industrial Michigan Midwest Ohio

Marcus & Millichap Brokers $10M Sale-Leaseback of Industrial Portfolio in Ohio, Michigan

by Kristin Harlow June 29, 2023

OHIO AND MICHIGAN — Marcus & Millichap has brokered the $10 million sale-leaseback of a three-property industrial portfolio in Ohio and Michigan. The tenant is WW Williams, a truck and diesel engine maintenance and repair company. The properties are located in Cleveland and Brunswick, Ohio, as well as Dearborn, Mich. Alex Frankel, Chris Lind and Mark Ruble of Marcus & Millichap represented the seller and procured the buyer, a limited liability company.

June 29, 2023

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