"This is a secondary facility for them, but it will serve the company's purposes very well until they can either add on to one of their structures or consolidate in another location," says David Hinchman, who, with Kenneth Wasserman, both of CB Richard Ellis, represented Ford. "The proximity to its other locations and the great highway access both were big factors in their decision."
Ford will use the space as an arm of its regional parts distribution center on Marshall Drive.
Terms of the five-year lease were not disclosed. The site was formerly a Stanley Hardware warehouse and was available last year for $3.95 per sf.
Tower Properties Co., the owner, was represented by Pat McGannon and Nathan Anderson, both with J.P. Fogel & Co.
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