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DETROIT-KRC Inc., a logistics company, has renewed its lease for 107,000 square feet here. The Allied Commerce Center of Livonia is owned and operated by GE Capital Real Estate.

Terms of the lease were not disclosed. KRC has been a tenant in the building for 10 years.

“In this kind of market, we’re realizing successes by working together with our customers to find the best financial terms for growth,” says Marcia May, senior asset manager for GE Capital Real Estate. “This means sticking to the basics and listening to what customers like KRC need.”

KRC wanted the option to stay in the current facility and was able to ensure certain concessions to help better run the business.

“As a logistics company, we can be mobile on where to run our business,” says Doug DeVries, president of KRC. “Our goal was to remain in our current location with GE Capital Real Estate, and they worked to find the best solution for all of us.”

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