The property was sold by GE Capital Business Asset Funding Corp., a subsidiary of GE Capital. The building was vacant for 18 months and will be renovated to accommodate a new home for ICR Industries. Grubb & Ellis team members Dan Labes and Geoff Hill represented the seller.
Allied Metals Corporation leased 33,315 sf of industrial space at 1387 Piedmont in T0roy. The property is owned by Argonaut Investment, L.L.C. Hill and Labes represented both parties.
Also nearby, Xerox Corp. leased 41,297 sf of industrial space at 1100 East Mandoline in Madison Heights. The property is owned by First Industrial Realty Trust, Inc. Xerox will be servicing the General Motors Tech Center, which is located in Warren. Hill and Labes represented the owner.
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