(To read more on the net lease market, click here.)

ROMULUS, MI-Fastenal Co. is making the move to a new locationwith the signing of a short-term, 5,600-sf lease. Move-in isscheduled during the next 30 days. The company, which sellsindustrial parts to construction contractors nationwide, and whichhas an extensive distribution network, required both more space andmore visibility for its purposes, which prompted the eventualsigning at the multitenant property, located at 28777 GoddardRd.

The company is currently located at 7900 Beech-Daly Rd. inTaylor. "They're upgrading to main road frontage," explains LarryBalone, industrial associate at Insite Commercial Group in Detroit.Balone, who represented the tenant in the transaction, tellsGlobeSt.com that Fastenal had looked at several properties beforechoosing the current one, which offered the ideal frontage andexposure. "This was already white-boxed for them," he adds. "Theyneeded something wide open, where they could just move in and setup shop with no need for improvements."

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