TROY, MI-Troy’s Maple Road corridor, a second-cousin to office-heavy Big Beaver Roada mile to the north, will receive another 100,000 sf in high-tech industryspace.

McGregor Manufacturing Corp. has decided to build three new facilities onits almost nine acres of land abutting Maple Road. The company currentlyoperates out of one 25,000-sf building on the property.Plans are to expand the current building by 4,000 sf and lease it out,says Scott McGregor, vice president of sales. The company will then build a36,075-sf building to the rear for its own use.

The renovated building, along Maple Road, is being looked at by onecommercial tenant, McGregor says. He declined to name the interested party.The other two facilities will be build-to-suits. One will be 31,180-sf,and the other 37,044-sf. Both will be designed for high-tech office andresearch/development use, McGregor says.

He said the purpose behind the $15-million construction project is tostrengthen the company’s own pocketbook.”We’re tired of paying taxes on 8.6 acres of weeds,” McGregor says.The company has approval for the renovations to the 25,000-sf building,but is awaiting full site plan approval for the new construction. McGregorsays the company hopes to break ground on its new headquarters next spring,with completion in the summer.

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 Spring 2023Event

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 © 2023 ALM Global, LLC. All Rights Reserved.