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GRUBB & ELLIS|PARAMOUNT COMMERCE ARRANGES 160,000-SF OFFICE SALE

Posted on by in Midwest, Office

GRAND RAPIDS, MICH. — Grubb & Ellis|Paramount Commerce has arranged the sale of a 160,000-square-foot office facility located at 4420 44th St. SE in Grand Rapids. Grand Rapids 4420 LLC acquired the fully leased building as an investment for an undisclosed amount. The building, which was occupied by Spectrum Health and DTE Energy, contains an industrial shell with a fully built-out, Class B administrative office space finish. Approximately 20,000 square feet of the facility is file, storage or dock area. Matthew Roybal of RE/MAX Marquee Partners represented the buyer in the transaction. Patrick Shannon of Grubb & Ellis Detroit referred the seller, Southwest MI Ind Investors LLC, to Grubb & Ellis|Paramount Commerce. Colin Kraay and Chad Barton of Grubb & Ellis|Paramount Commerce represented the seller in the transaction.

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