X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHESTERFIELD, MI-Greene Metal Products, Inc., headquartered in Clinton Township, has expanded its operations with the purchase of a 34,946-sf freestanding industrial building here. The listed price on the property, which had been on the market for approximately two years, was $2.4 million.

Greene, a metal welder and fabricator that handles various defense contracts for the US government, selected the building at 56516 N. Bay Dr. because of the location, price and overall condition. “They’d looked at various properties throughout the entire market before settling on this one, and it suited their needs,” says Bob Pagano, senior vice president, industrial group with Grubb & Ellis Co.’s Southfield office. Pagano and Jack Coury, also of Grubb & Ellis’ Southfield office, represented Greene Metal Products. Peter Kepic of Colliers International’s local office, also based in Southfield, was on hand for the seller, Joseph Putti.

“This was a spec building in shell condition,” Pagano tells GlobeSt.com, adding Greene finished the interior to its specifications. “They’ll use the property for welding and manufacturing activities.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.