A partnership of Troy-based Salsberry Associates and New York-based Steinhardt Group Inc., called Huron Properties LLC, recently purchased an 800,000-sf portfolio of metropolitan Detroit tech parks and vacant land from ProLogis for $40 million.ProLogis, a real estate investment trust in Denver, sold the properties to the new firm .

Robert Salsberry, principal in Salsberry, says the 98-acre Huron Commerce Center near Detroit Metropolitan Airport was the desired property. The tech park bordering the hot I-275 industrial corridor was created and owned by Prudential, but was abandoned prior to final approval, says Salsberry, adding that the company wants to finish the job.

“We’re looking at building 21 new build-to-suits on the property,” he notes. Construction will begin next spring. The park currently has three buildings.The rest of the various tech parks, located in cities such as Troy, Southfield and Farmington Hills, will be run to finance development at Huron Commerce Center, he told GlobeSt.com. Every building is about 92% leased, according to Salsberry.

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