(To read more on the net lease market, click here.)

(Natalie Keith is a contributing writer to GlobeSt.com.)

TAYLOR, MI-Bulkmatic Transportation Co. will move into a 7,200-sf build-to-suit facility this summer after signing for 7,200-sf on a 3.14-acre lot at 9450 Pelham Rd.

Randall Allman, vice president of the Grubb & Ellis Co.’s industrial group, tells GlobeSt.com that the building will serve as a maintenance facility for Bulkmatic’s Southeast Detroit operations. The Griffith, IN-based dry bulk transportation company has 39 facilities in 17 states and was looking to expand its operations in the Detroit area.

The company signed a five-year lease for the deal at $13.30 per sf. Grubb & Ellis represented both the landlord and tenant in the transaction. “The site plan was pre-approved to a large extent,” Allman says “They should be breaking ground on the facility soon.” Bulkmatic is expected to begin occupying the space in July.

The Bulkmatic facility is not the only space under construction in Southern Wayne County, according to a fourth quarter 2005 industrial market report issued by Grubb & Ellis. Three facilities were under construction during the quarter, including Kojaian Properties which started construction on twin, 219,000-sf distribution centers in Van Buren. In Romulus, First Industrial was completing construction of a 302,000-sf facility and Liberty Property Trust is finishing construction on a 424,000-sf facility, according to the report.

In Southern Wayne County, average rents during the quarter were $12.17 per sf for research and development/flex space, $4.32 for warehouse/distribution space and $3.29 for general/manufacturing space, according to information provided by Grubb.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

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

Get More Information


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 © 2024 ALM Global, LLC. All Rights Reserved.