February 2, 2022 10:30 AM
星空体育app下载 announces it has completed a 102,377-square-foot industrial lease with Trigo Quality Solutions, Inc. at 2430 East Walton Boulevard in Auburn Hills, Michigan. 星空体育app下载 Executive Managing Director Geoff Hill and Associate Chris Hill represented the new owner and landlord, Frain Cooper Holdings, LLC in the transaction. The landlord purchased the 125,063-square-foot industrial building via a partial sale-leaseback with Norma Group. The 星空体育app下载 team was able to secure a deal with Trigo Quality Solutions to bring the total building occupancy to 100% upon closing.
鈥淲ith very limited supply of available industrial properties in the market, and cost of new construction up 40%, demand has been outpacing supply,鈥� said Geoff Hill. 鈥淲e were able to leverage the strong market conditions in order to backfill the space upon the sale closing.鈥�
Anthony Rubino of Pilot Property Group represented the tenant, Trigo Quality Solutions, in the transaction. The company will use the space for sequence and warehousing, to fulfill client needs. Norma Group will remain in the building in 22,686 square feet of office and lab space.
According to 星空体育app下载 Research, the Metro Detroit industrial market vacancy rate fell 20 basis points to 4.0% during the fourth quarter of 2021 as just over 2.8 million square feet was absorbed, for a total of 7.5 million square feet of net absorption in 2021, a level not seen since 2017.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
Discussion of Forward-Looking Statements about 星空体育app下载
Statements in this document regarding 星空体育app下载 that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.