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TAYLOR, MI-GL Ziegler Investments, a holding/real estate arm of auto supplier Alken-Ziegler Inc. in Kalkaska has signed a mid-term lease for 33,040 sf of freestanding industrial space as part of an expansion and relocation. The manufacturing-oriented property, situated on two acres, is located at 25575 Brest St. and has a fenced-in outer lot as well as office and industrial space.

"They have operations in other locations, and now they're in Taylor as well," says John Lominack of Colliers International's Southfield office. Lominack and Colliers colleague Larry Kelly represented the tenant in the transaction. Representatives from Grubb & Ellis Co.'s Southfield office were on hand for the property's landlord, Persiconi & Persiconi, LLC in Detroit.

Alken-Ziegler, a cold-forming manufacturer of machines, metals and other items, had picked up business from the bankrupt Delphi, which required more space. "We looked at three or four different locations, but they needed to be in Taylor because that's where their existing employee base was," Lominack tells GlobeSt.com. "This particular property met their requirements in term of square footage, location and lease rate."

Lominack says that the property had a quoted lease rate of $5.75 per sf gross, on an annual basis. He adds that tenant improvements for the transaction were minimal, as the property had been completed in 2001 and didn't need anything in the way of upgrades. "They took the space as-is, and it suited their purpose very well," he says.

Instant Insights /

Alken-Ziegler Commits to 33,040 SF for Expansion, Relocation

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