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GRUBB & ELLIS|PARAMOUNT BROKERS TWO INDUSTRIAL TRANSACTIONS

CALEDONIA AND GRAND RAPIDS, MICH. — Grubb & Ellis|Paramount Commerce has brokered two Michigan industrial transactions. Duke Suwyn and Tom DeBoer of Grubb & Ellis|Paramount Commerce have represented Franklin Southbelt LLC in selling its 35,000-square-foot industrial facility, which is located at 6940 Southbelt Dr. in Caledonia. The buyer, Alticor, actually signed a 10-year lease, with an option to purchase after 12 months. Additionally, Randy Bronkema of Grubb & Ellis|Paramount Commerce has brokered the sale of a 4,000-square-foot industrial building located at 705 Crofton St. SE in Grand Rapids. Becker & Sanders Properties acquired the facility from Mercantile Bank Mortgage Co. for an undisclosed amount. Bernie Merkle of CB Woodland Schmidt represented the buyer in the transaction.

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