Michigan

MollerTech Leases Newly Constructed Industrial Building in Macomb Township, Michigan

by Kristin Harlow January 14, 2021

MACOMB TOWNSHIP, MICH. — MollerTech LLC has leased 51280 Regency Center Drive, a newly constructed industrial and office building spanning 65,106 square feet in Macomb Township. MollerTech’s luxury automotive leather assembly division will occupy the space. MollerTech expects to move into the new space in March and create more than 75 skilled labor jobs. Joe DePonio and Jason Capitani of L. Mason Capitani CORFAC International represented both the tenant and undisclosed landlord in the lease transaction.

January 14, 2021

Development Industrial Michigan Midwest

Amazon to Open Six New Fulfillment, Sortation Centers in Metro Detroit This Year

by Kristin Harlow January 12, 2021

DETROIT — Amazon has unveiled plans to open six new fulfillment and sortation centers in metro Detroit this year in order to support operations closer to customers. The sites are expected to create more than 2,000 full- and part-time jobs. In addition to a robotics fulfillment center in Detroit, Amazon will build centers in Hazel Park, Pinnacle Park (2), Plymouth and Pontiac. The new Detroit property will span 823,000 square feet and is expected to create 1,200 new full-time jobs upon its opening. Amazon currently operates 10 facilities in Detroit that support customer fulfillment and delivery operations, including four properties that opened in 2020. Since 2010, Amazon has created more than 13,500 jobs in Michigan and invested more than $2.5 billion across the state, including infrastructure and compensation to its employees.

January 12, 2021

Michigan Midwest

Detroit Auto Show Cancelled for 2021, Scaled-Down Version to Take Place in Pontiac

by Kristin Harlow January 12, 2021

DETROIT — The Detroit auto show, officially known as the North American International Auto Show, has been cancelled this year, according to media reports. The show, which was originally scheduled to take place at TCF Center this summer and then postponed to September, will now be replaced by an event at a racetrack in Pontiac, about 20 miles northwest of Detroit. This reimagined version of the Motor Bella concept is scheduled to take place Sept. 21-26. Motor Bella, a showcase of European supercars, was originally intended to be one of several components of the show’s schedule. The Detroit auto show has not taken place since January 2019. The show’s economic impact was estimated at up to $450 million per year, according to the Detroit Free Press.

January 12, 2021

Acquisitions Michigan Midwest Office

L. Mason Capitani Arranges Sale of 60,200 SF Office Building in Farmington Hills, Michigan

by Kristin Harlow January 5, 2021

FARMINGTON HILLS, MICH. — L. Mason Capitani CORFAC International has arranged the sale of the Woodcreek Office Center in Farmington Hills. Located at 31275 Northwestern Highway, the office building spans 60,200 square feet and rises two stories. Built in 1968, it was approximately 85 percent leased at the time of sale. Mason L. Capitani represented the buyer, LREH Michigan LLC. The seller and sales price were undisclosed.

January 5, 2021

Leasing Activity Michigan Midwest Office

Advertising Agency Doner to Move Southfield Headquarters

by Kristin Harlow December 23, 2020

SOUTHFIELD, MICH. — Advertising agency Doner has unveiled plans to open a new headquarters at 400 Galleria Officentre in Southfield. Doner plans to take occupancy of its new space in summer 2021. Designed by interior design firm Vocon, the 62,000-square-foot office will house roughly 375 employees. The office will include areas for in-person as well as virtual collaboration. The space will also include an advanced air filtration and purification system. Doner has been headquartered in Detroit area since 1937. Its current office is located at 25900 Northwestern Hwy in Southfield. Friedman Real Estate represented Doner in securing its new lease.

December 23, 2020

Michigan Midwest Ohio

Huntington Bancshares Agrees to Acquire TCF Financial in $22B Deal

by Kristin Harlow December 14, 2020

COLUMBUS, OHIO AND DETROIT — Huntington Bancshares Inc. (NASDAQ: HBAN) and TCF Financial Corp. (NASDAQ: TCF) have signed a definitive agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion. According to a release, the merger will create a top 10 U.S. regional bank with dual headquarters in Columbus, Ohio and Detroit. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, TCF will merge into Huntington. The combined holding company and bank will operate under the Huntington name and brand following the closing of the transaction, which is expected to occur in the second quarter of 2021. Stephen Steinour will remain the chairman, president and CEO. Gary Torgow will serve as chairman of the bank’s board of directors. “This merger combines the best of both companies and provides the scale and resources to drive increased long-term shareholder value,” says Steinour. “Huntington is focused on accelerating digital investments to further enhance our people-first, digitally powered customer experience.” At least 800 employees of the combined company will work in downtown Detroit at the headquarters of the commercial bank. Columbus will remain the headquarters …

December 14, 2020

Development Industrial Michigan Midwest

NorthPoint Development to Redevelop Former Cadillac Stamping Plant in Detroit

by Kristin Harlow December 11, 2020

DETROIT — NorthPoint Development and Michigan-based LoPatin & Co. have unveiled plans to redevelop the 44.8-acre former Cadillac stamping plant in Detroit. The project scope includes the demolition of an abandoned factory and the construction of a new 684,000-square-foot, Class A industrial building that will be geared toward automotive suppliers, advanced manufacturing and logistics users. The project is expected to generate a total private investment of $47.9 million and create 450 full-time jobs. The city and Michigan Strategic Fund are reimbursing $3.3 million for brownfield remediation work. The property has a history of manufacturing uses dating back to the early 1900s and requires extensive cleanup of the soil and asbestos removal in addition to high demolition costs, according to NorthPoint.

December 11, 2020

Development Healthcare Michigan Midwest

Henry Ford Health System, Acadia Healthcare Plan to Build Detroit-Area Behavioral Health Facility

by Kristin Harlow December 10, 2020

WEST BLOOMFIELD TOWNSHIP, MICH. — Henry Ford Health System and Acadia Healthcare Co. Inc. have formed a joint venture to build a behavioral health facility in West Bloomfield Township, about 30 miles northwest of Detroit. This week, the West Bloomfield Township Board approved the rezoning request for the parcel of land on which Henry Ford and Franklin, Tenn.-based Acadia intend to build the new hospital. Henry Ford already owns the land, which is adjacent to its Henry Ford West Bloomfield Hospital campus. The next step is to seek a Certificate of Need from the Michigan Department of Health and Human Services. Construction will begin once all regulatory approvals are met. Slated to open in late 2022, the hospital will be able to accommodate 192 beds with the potential to expand to meet future demand for inpatient services in the area. Comprehensive inpatient treatment will be provided for adults, seniors and adolescents who struggle with acute symptoms of mental health disorders such as anxiety, depression, bipolar disorder and posttraumatic stress disorder. The hospital will also serve as an academic site for the training of inpatient psychiatry residents, medical students, nurses and other healthcare professionals. As part of the agreement, Henry Ford …

December 10, 2020

Acquisitions Indiana Michigan Midwest Retail

Marcus & Millichap’s IPA Arranges $22M Sale of Two Kroger-Anchored Shopping Centers in Indiana, Michigan

by Kristin Harlow December 10, 2020

FORT WAYNE, IND. AND FARMINGTON HILLS, MICH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of two Kroger-anchored shopping centers for a combined $22 million. The first property is West State Plaza, a 96,334-square-foot center in Fort Wayne. The second is Mid-Eleven Center, a 74,525-square-foot property in the Detroit suburb of Farmington Hills. West State Plaza, also home to Dollar Tree, a freestanding Pizza Hut and a freestanding Chase Bank, was 91.7 percent occupied at the time of sale. It was built in 1987. Mid Eleven Center, built in 1980, was 97 percent leased at the time of sale. Erin Patton, Scott Wiles and Craig Fuller of IPA represented the seller, a San Francisco-based private equity fund. An institutional buyer purchased the portfolio.

December 10, 2020

Michigan Midwest Restaurant Retail

Michigan Department of Health Extends Restrictions on Indoor Gatherings Through Dec. 20

by Kristin Harlow December 8, 2020

LANSING, MICH. — The Michigan Department of Health and Human Services (MDHHS) has extended its order restricting indoor social gatherings and group activities by 12 days through Dec. 20. The department says the extension will enable it to determine the full impact of the Thanksgiving holiday on the spread of COVID-19 across the state. Under the order, residents are urged to avoid indoor gatherings, with only two households gathering inside at any given time. Bars and restaurants must remain closed for dine-in service, but can remain open for outdoor dining, carryout and delivery. Gyms are open for individual exercise with mandatory masking, but casinos, movie theaters and group exercise classes remain closed. Professional and college sports meeting “extraordinary standards for risk mitigation” may continue without spectators. Colleges, universities and high schools will continue with remote learning. There will be no in-person classes. MDHHS will monitor the percentage of hospital beds with COVID-19 patients, the number of COVID-19 cases and the positivity rate when determining whether to reopen at the end of the 12 days. Last week, a federal judge in West Michigan refused to block the state health department’s ban on indoor dining in restaurants and bars. The Michigan Restaurant …

December 8, 2020

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