(To read more on the industrial market, click here.)
HOLLAND, MI-Third Coast Development Partners, based in GrandRapids, has purchased Hart and Cooley Inc.'s 627,000-sf researchand development facility here. Sitting on 43 acres, the building,located at 500 East 8th St., has served as the company'sheadquarters since the 1920s.
The company plans to lease it from Third Coast until 2008, saysDave Levitt, Third Coast principal, at which time the manufacturerwill completely relocate to a new 60,000-sf facility in GrandRapids. Hart and Cooley, a supplier of commercial HVAC systems andequipment, will shut down the Holland production plant and dispersethe workload to "more modern and less expensive" plants in Arizonaand North Carolina.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
