The marketing services firm will use the building, located on 12.5 acres, for warehousing and distribution activity.
Budco moved into its 362,000-sf world headquarters in May 2000. Due to its increase in business over the past two years, the company says it needs a new facility to accommodate its growth.
"We didn't expect to be purchasing another building so soon, but the reasons for the acquisition have all been very positive for Budco," says president and chief executive officer Bill Henry. "With the new facility, Budco will be able to consolidate the vast majority of its warehousing and distribution activity into a central campus."
The company currently is leasing two facilities to supplement its warehousing and distribution space at its headquarters location--an 88,000-sf facility in Highland Park and a 130,000-sf facility in Livonia.
Budco plans to take possession of its new building in late summer or early fall. The company will continue to operate its 137,000-sf location on West Jefferson in Detroit.
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