The new facility will serve as the Detroit distribution center for S.P. Richards Co., a business products wholesalers. Richards distributes over 30,000 business products, ranging from office furniture to paper goods to more than 7,000 resellers in the United States and Canada from a network of 44 Distribution Centers.
Gary Sallen of Signature Associates brokered the deal on behalf of Richards and Chicago-based Richmond Asset Management, which manages the facility. The 500,000-sf Metro Commerce Center had been 100% leased for over 10 years, but consolidation by two current tenants, opened up 375,000 sf of space in May. The center features a variety of truck docks and a trailer parking area.
Metro Commerce is located at 32500 Van Born Road, south of US 12 (Michigan Ave.) and west of Merriman Road, in Wayne, west of Detroit.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
