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SIGNATURE ASSOCIATES WINS 3 CRAIN’S BEST IN CLASS REAL ESTATE AWARDS

Crain’s Detroit Business Special Report:  Last year was a year for dealmaking — and dealmakers. In this, our inaugural Best in Class: Real Estate awards, we aim to honor both.

We solicited nominations from you, our readers, for the most impactful deals, projects and people in commercial real estate in 2017. With help from a panel of expert judges, Crain’s selected a winner in each of eight categories intended to represent the best in local commercial real estate.

Signature Associates is honored to have been selected for the most impactful deals of 2017 in 3 real estate categories:

 

Industrial Sale of the Year:  Michigan Motion Picture Studios building and land, Pontiac

Williams International Co. LLC | Brokerage:  Signature Associates

Commerce Township-based defense contractor Williams International Co. LLC is leaving its headquarters for Pontiac, a move that is expected to create 400 jobs by 2022. It’s a big win for the city, which for years teetered on insolvency and has been picking up some key economic development victories in the last couple years. The company paid $44 million for the Michigan Motion Picture Studios building at 1999 Centerpoint Parkway and two adjacent vacant parcels spanning 120 acres and a nearby building, at 2001 Centerpoint Parkway, for its expansion project. Linden Nelson, John Rakolta Jr. and Robert Taubman were the sellers.

Industrial Leases of the Year:  Amazon.com, Inc., Seattle

Three distribution centers:  Shelby Township, Livonia & Romulus | Brokerage:  Signature Associates

Online retail giant Amazon.com Inc. has three distribution centers in the works totaling about 3 million square feet in Wayne and Macomb counties, with much of the space being leased in the last year or so. They are located in Shelby Township at a former Visteon Corp. auto parts plant; at 13000 Eckles Road in Livonia on former General Motors property; and in Romulus on 84 acres north of Detroit Metropolitan Airport, bounded roughly by Smith, Vining and Ecorse roads. The company is slated to employ no fewer than 3,500 in Michigan.

Office Lease of the Year:  Autoliv ASP, Inc., Southfield

Landlord: Jonna Realty Ventures, Inc., Bloomfield Hills | Brokerage:  Signature Associates

This 179,300-square-foot lease at 26545 American Drive in Southfield represented a $22.6 million investment by Autoliv ASP Inc. to consolidate four Southeast Michigan operations into one location. The company, the North American subsidiary of Sweden-based auto supplier Autoliv Inc., was expected to create nearly 400 new engineering jobs as part of the build-to-suit project, which brought a new building to the Southfield market as well. The company had two leased properties in Farmington Hills and two leased properties in Southfield.

 

Posted By: Crain’s Detroit Business on June 22, 2018.  For more information, please click here to read the entire source article.

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