(To read more on the industrial market and the net lease market click here.)
(Natalie Keith is a contributing writer to GlobeSt.com.)
TROY, MI-Two new industrial leases have been signed, giving hope to the Detroit-area industrial market. Honeywell International signed a 45,800-sf lease at 900 W. Maple Rd., which is owned by Sala Partners LLC. Nearby, Drivesol Worldwide signed a 16,708-sf lease at 1104 W. Maple Rd., which is owned by JBD Troy LLC.
Cameron McCausland, of Colliers International, who represented Honeywell, tells GlobeSt.com that there has been a steady level of activity in the industrial market in the area, and "a lot of it has been in short-term lease transactions," McCausland says.
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