Monday, March 28, 2011
Grubb & Ellis Represents Ashley Capital in over 870,000 SF of New Leases at Brownstown Business Center in Southfield, MI
SOUTHFIELD, MI (Mar. 28, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that it represented Ashley Capital in 872,478 square feet of new leases at Brownstown Business Center (top left photo) in the past 45 days.
Dan Labes, senior vice president, Global Logistics, and Jim McClowry, senior vice president, Industrial Group, facilitated the transactions.
In the largest of the transactions, MTU Detroit Diesel, a designer and manufacturer of medium and heavy-duty diesel engines, leased 395,000 square feet of warehouse/distribution space at 19771 Brownstown Center Drive.
Grubb & Ellis’ Tony Avendt, associate vice president, Industrial Group, represented MTU in the transaction.
In addition, Cabot Street, a third-party logistics provider, leased 363,756 square feet of space at 20501 Pennsylvania Road, and Federated Group Services, a sales and marketing company serving the grocery, foodservice, drug and convenience store industries, leased 61,000 square feet of space at 19771 Brownstown Center Drive.
Marketing and Industrial Solutions Corporation, a provider of supply chain and manufacturing solutions, leased 52,722 square feet of space at 19881 Brownstown Center Drive.
“Activity in the logistics sector is picking back up, led by Class A warehouse facilities like Brownstown Business Center,” said Labes. “We’re pleased to have partnered with Ashley Capital in these transactions.
Located in Brownstown Township, Brownstown Business Center features high-density storage capabilities with 32’ minimum clearance height and wide column spacing, as well as state-of-the-art features, including ESFR Sprinklers, high-capacity electrical service and energy-efficient halide lighting.
The park offers ample truck parking and I-75 visibility and access.
For leasing information, contact Labes at 248.357.6578.
Contact: Erin Mays, Phone: 312.698.6735