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DETROIT-Plans are in place for three properties in Michigan and the Toledo area. Among the deals involved eight acres owned by Amos Knoll being sold to South Lyon Schools.

The South Lyon, MI acreage, zoned heavy industrial, will become a new bus garage. Southfield-based Grubb & Ellis team members Kevin Brady and David Giltner, SIOR, represented both the seller and the buyer.

The Toledo-Lucas County Port Authority is receiving $3 million from the Clean Ohio Revitalization Fund to demolish structures, remove contaminated soils and dispose of hazardous substances as part of the Arena redevelopment and the community effort to redevelop the eastern shore of the Maumee River.

Continental Real Estate has agreed to redevelop the property by building a new civic arena. The $9.8-million project will include residential, commercial and entertainment uses, creating approximately 650 jobs.

Also, the City of Toledo will receive $3 million from the Clean Ohio Revitalization Fund. The funds will be used to remove asbestos, demolish a section of the ACME building, remove contaminated soil and dispose of hazardous substances.

The property is part of a community effort to redevelop 30 acres along the Eastern shore of the Maumee River in Toledo’s Marina District. The $7.7-million project will include residential, commercial and entertainment uses as well as create 850 jobs.

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