WIXOM, MI-Caraco Pharmaceutical Laboratories Ltd. has signed a lease for 137,000 sf of office and warehouse space at 31060 Oak Creek Dr. in Wixom, in an office park owned by US Real Property LLC, a division of the China-based New Bright toy company. Caraco, based in Detroit, is leasing the single-story building for 10 years.

Phil Konopitski with Friedman Real Estate Group tells GlobeSt.com that the tenant, which develops, manufactures, markets and distributes generic drugs, will use the property for the first year as a warehouse. “They’re installing air conditioning to keep lab specimens cold,” he says. “After the first year, though, they’re looking to move in manufacturing and laboratory space. They’ve got a packaging facility in Farmington Hills to the east of this building, and this location helps the packaging plant.” Konopitski represented Caraco in the lease.

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