SOUTHFIELD, MI-TCN Worldwide has again entered the Detroitmarket, partnering this time with locally-based PrincipalAssociates. The Plano, TX-based real estate consortium hadpreviously been affiliated in Detroit with Insite Commercial and L.Mason Capitani, the latter which is now a Corfac Internationalpartner. H. Ross Ford, president and CEO of TCN, said the city isan important target market for the company.

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Principal, formed in 2008, is led by Peter Ventura, managingmember and CEO, and David Plumley, managing member and CFO. Earlierthis year, Principal took over and absorbed the local office of GVADetroit.

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The company typically handles mid-sized office and industrialproperties, as well as property management, Plumley says. JoiningTCM will extend the reach of the firm, while also providing tenantrepresentation work, he says. Their clients include FirstIndustrial Realty Trust, Pet Supplies Plus, DTE Energy and NYXInc.

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Plumley tells GlobeSt.com that Detroit, with a troubledreputation from the near collapse of the local auto industry, willcome back if the right government is in place. “We need people whocan lead us out, who can bring jobs to the state,” he says.Michigan is facing an election for a new governor, as incumbentJennifer Granholm must step down due after completing her limit attwo terms. The primary will be held Aug. 3.

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