(Read more on the industrial market.)

BROWNSTOWN TOWNSHIP, MI-Two companies have leased more than 500,000 sf of space in two industrial buildings here in the Brownstown Business Center from landlord Ashley Capital, which owns 2.6 million sf in four buildings in the park. Ceva Logistics US Inc. leased 366,844 sf in Building Nine and C-Mac Transportation leased 136,866 sf in Building Six.

Ceva, a global logistics company, plans to use the space to fulfill an ongoing automotive contract, says Randall Allman of CB Richard Ellis Detroit. Building Nine is 680,000 sf total, and Ceva grabbed the last available space for its three-year lease, Allman tells GlobeSt.com. He and Lauren Scarpace represented the tenant in the transaction.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.