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.

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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.

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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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