ROMULUS, MI-The state has approved a 15-year, 75.26- acreRenaissance Zone in the city that will be home to A123 Systems’lithium-ion battery manufacturing facility. The Watertown, MA-basedcompany will lease 300,000 square feet in an existing property forthe company’s North American coating operations. The project isexpected to create up to 370 jobs and generate $131 million inprivate investment.

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“We’re well on our way to becoming the advanced battery capitalof North America and a global center for clean energymanufacturing,” said Gov. Jennifer Granholm in a statement. “Cleanenergy companies are choosing to do business in Michigan because ofour competitive business climate, tremendous workforce andcomprehensive economic development programs.”

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A Renaissance Zone allows a company operating within the zone tooperate free of virtually all state and local taxes over the lifeof the designation. The state program program is administered bythe Michigan Economic Development Corp. This deal was arranged withthe owners of the property: Welsh Romulus LLC, BPE Exchange LLC,BPW Exchange LLC and Welsh Romulus Development LLC.

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A state spokeswoman tells GlobeSt.com that the company expectsto begin manufacturing by the end of the year. The firm alreadymanufactures cells in 300,000 square feet in Livonia, and has400,000 square feet of manufacturing facilities in Massachusetts,Korea and China.

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“This expansion in Michigan is a critical part of A123’scommitment to build world-class lithium ion battery manufacturingin the United States,” said David Vieau, president and CEO of thecompany, in a statement. According to a company SEC filing, thefirm believes that lithium ion-powered vehicles will representalmost 70% of all vehicles sold by 2013.

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JACKSON, MI-Hendricks & Partners arranged the sale of AlpineLake, at 665 North Alpine Lake Dr. The 268-unit apartment communitywas sold for $4.6 million. The apartments were constructed in 1988and are situated on 14.43 acres. There are 34 buildings surroundinga central lake and the property is adjacent to a 500-acrerecreational park with a public pool and 18-hole golf course. Eachapartment features an individual entrance and contemporary floorplans. The seller was Wells Fargo Bank. The buyer was Alpine LakeLLC, a Michigan limited liability company of Royal Oak, MI. TheBuyer obtained new financing at closing from a regional creditunion. Kevin P. Dillon and Cary Scott Belovicz negotiated thetransaction.

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NORTHVILLE, MI- Friedman Real Estate Group Inc. recentlynegotiated the lease renewal and expansion for 3,290 square feet ofoffice space at Farmington Hills Corporate Center I, 21800 HaggertyRd. The landlord, FHCC-I Associates LLC, leased the space toTraveling Teams Inc., which was founded to help busy parents andcoaches find available hotel rooms at the right price. Glenn N.DesRosiers, VP, represented the landlord in this transaction.SOUTHFIELD, MI-Newmark Knight Frank recently negotiated the leaserenewal of 15,040 square feet of office at 4000 Town Center onbehalf of the tenant, Collins, Einhorn, Farrell & Ulanoff PC.Steve Morris, executive managing director and principal, negotiatedthe lease on behalf of the tenant in this transaction.

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VERNON HILLS, IL-CB Richard Ellis’ Keith Puritz, Brett Kroner,Ryan Bain and Zach Graham represented Focus Products Group in thesublease of 133,000 square feet at 100-130 Lakeview Pkwy. to HyperMicrosystems. The distributor and manufacturer of computer storagedevices will take occupancy of the entire building this summer.Hyper’s new space is an expansion of its other two locations inBuffalo Grove. The building was built in 1999 and is situated on6.40 acres in the Continental Executive Park. Eric Fischer with NAIHiffman represented Hyper in the sublease transaction.

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CHICAGO-Berkley Properties LLC has completed its $72.2 millionpurchase of 180 North LaSalle St. from Prime Group Realty Trust.The building, at the corner of Lake and LaSalle Streets in theheart of Chicago’s central business district, includes 770,191rentable square feet in 38 stories. The building is currentlyanchored by Chicago-based consulting firm Accenture and advertisingholding company Publicis, based in Paris. A complete renovation ofthe building’s lobby and three story fa

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