Agree Realty paid about $7.7 million, financed with a 20-year mortgage at a 6.5% interest rate. Agree owns, manages anddevelops properties, primarily neighborhood communityshopping centers, or single tenant properties, that are leased to major retailtenants.
Signature Associates has sold 15.58 acres on Automation Avenue, alongI-75 in the Pinnacle Corporate Center In Auburn Hills, MI, for an undisclosed price.Paul Hoge of Signature Associates brokered the deal on behalf of thepurchaser, Brose North America. John Gordy and John Boyd also of SignatureAssociates represented the seller, Burton-Katzman.
This site is to be the home of the new North American Headquartersand Technical Center for Brose North America.
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