First Industrial sold a 41,380-sf property zoned for light industrial use at 11866 Hubbard here. The property is in an industrial area near the intersection of Merriman and Plymouth roads. The property sold for $1,900,000, said Kyle Rockey, investment officer at Chicago-based First Industrial.
The company does not provide information on buyers, Rockey said, but added that Larry Kelly of Colliers International and Tony Avendt at Grubb & Ellis assisted in the transaction.
First Industrial also sold a 40,000-sf industrial property at 33200 Capitol Avenue in Detroit, on the city's far west side. The property sold for $2,165,000.
Rockey said Larry Emmons of Grubb & Ellis assisted in the transaction.
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