DETROIT-Four transactions involving Cushman & Wakefield brokers include an office building, vacant land and leases of industrial space. J & J Acquisitions LLC buys 11525 Brougham St. in Sterling Heights, MI for $96 per sf.
DETROIT-The city receives cost estimates for demolishing the 89-year-old baseball field and will make a recommendation on razing the stadium by December. Various mixed-use redevelopment plans have been proposed.
DETROIT-A logistics provider, bread company and general contractor decide they need more space in three separate suburbs. The largest deal is a seven-year, 45,000-sf lease for GeoLogistics Americas Inc. in Romulus, MI.
TROY, MI-This affluent Detroit suburb would pay $230,000 to turn more than 6 acres into park land, connecting it to other parks in the area. The purchase would be financed through bond proceeds.
ANN ARBOR, MI-The REIT that invests in long-term net-leased restaurant and retail properties struggled this year until its July merger with Orlando-based with Commercial Net Lease Realty Inc.
CHESTERFIELD TOWNSHIP, MI-A vacant 80-acre parcel along 26 Mile Road is snapped up for a $55 million mixed-use development here, with automotive manufacturing companies expressing interest, a broker reports.
TAYLOR, MI-The store will be expanded to house 250 custom motorcycles and add room for cycle training course by Dearborn Heights police. DeMattia Group of Plymouth, MI is doing the 15,200-sf addition.
LIVONIA, MI-The 86-store enclosed mall is 38 years old and needs larger tenants to attract a buyer, says vice president of operations Karl Zarbo, hired in part to create an attractive package to a future buyer.
DETROIT-The charity providing care for patients living with a terminal illness will move into a 48,000-sf facility in Brush Park with the aid of a $3-million gift from a yet-to-be-identified local donor.
DETROIT-The new medical facilities cost a combined $35 million to build in the suburbs of Grosse Pointe Woods and Farmington Hills. They will offer closer, specialized care to patients, hospital officials say.