X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Citation Tools, an automated welding and assembly line manufacturer for the Big Three, has moved into its new headquarters in Fraser, MI. David Leo, director of finance for Citation, told GlobeSt.com that the 260,000-sf facility was purchased from Cross-Heuller.

Sources said the company is spending about $2 million to renovate the 44-year-old building. “We’re investing a significant amount to modernize the building. It’s still very structurally sound,” Leo says.

Company officials did not wish to disclose the purchase price of the building. Citation was acquired by B.N. Bahadur in 1995, Leo says. The move was seen as part of larger plans to rejuvenate the supply companies.

The company will move 275 employees from four smaller plants in Roseville and Warren, MI.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.