Randall Allman with CB Richard Ellis Detroit tells GlobeSt.comthat the asking rate for the building was $4.95, triple net. Thebuilding is designed to be a warehouse, he says, but Neapco wanteda certain type of roof in its manufacturing process that it couldonly find in a warehouse. "The company, a manufacturer of drivelines and universal joints for the automotive industry, has itsheadquarters in Pottstown, NJ," Allman says. "They came here andbought a division of Ford, and moved it out to this building." Hewas joined by Peter Rogers and Gregg Loichinger with CB RichardEllis in representing the tenant on the transaction.

The other building is fully occupied, Allman says. Archwayoccupies about 250,000 sf, and Vistar leases the rest. Kojaian alsoowns the Van Buren Business Center, another two-building,440,000-sf park not far from Interchange West.

The Downriver-Airport market, particularly warehouse facilities,is doing well, Allman says. That market, also known as the WesternWayne County market, is at about 12% vacant. "What's being built isbeing absorbed," he says.

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