It will cost $8 million to build on Lapeer Road West, across the M-24/I-75 cloverleaf ramp from the Palace of Auburn Hills, the home of the NBA Detroit Pistons.
Burton says the company wants to lease the speculative building to one company, but would settle for more. The lease price depends on how many tenants, he adds.
"Rates would be $6.50 to $6.85 per sf for one user," he says.
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
Already have an account? Sign In Now
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.
