The Southfield company is marketing the property.
"The company purchased control of what is probably the most desirable piece of industrial property in the Detroit area," Harrigan tells GlobeSt.com. "The Novi area has been very strong during the weak economy. There's been 250,000 sf sold in this area in the last two-three years. It's been very steady."
The property, along Beck and West roads, had originally been part of the Beck North and West properties, Harrigan says.
"It had been phase two of Beck north," he says.
Harrigan says the property was purchased from Northern Equities Group of Farmington Hills. He would not reveal the price.
"We don't want to disclose the price, but the market value for property in this area has been about $4 a sf," Harrigan reports. That would make the market value of the land about $17.4 million.
Plans for the Novi property include more than a half dozen buildings, ranging from 14,000 sf to 60,000 sf on lots ranging from 1 to 30 acres, Harrigan says. The company will begin building a 51,000-sf speculative building this month. Leases and sales will be considered, Harrigan tells GlobeSt.com.
Demand has been heavy for property in the corridor, Harrigan says, mostly because of the infrastructure already in place for development, the city's willingness to work with developers and nearby hotels and retail.
"This area is attracting international company attention," he says. "As we speak I'm finishing a proposal for a 41,000-sf build-to-suit building on the property for a non-automotive Japanese firm."
He adds Amson Dembs Development is made up of Jeffrey Pitt, Ryan Dembs and Oleg Amchelsavsky, who work as contractors for Northern Equities. The company has built tech projects for firms such as Accurate Technologies, Coastlog Industries and ITT Automotive.
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