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SIGNATURE ASSOCIATES WELCOMES TWO NEW MEMBERS

Signature Associates is pleased to announce two new team members to the Investment Division, Cade Kozlowski and Jackie Bonnell. Cade started at Signature Associates as an intern for the Investment Division’s Sale-Leaseback Team in 2019 and has also gained experience on the principal side as a summer analyst for Crestlight Capital, a private real estate […]

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CRE Confidence Soared in Q1, Says SIOR

Commercial real estate professionals’ confidence in the industrial and office sectors in the first quarter of 2021 rose sharply since the fourth quarter of 2020, according to the Society of Industrial and Office Realtors Snapshot Sentiment Report.  The report found a jump from 6.2 out of 10 to 7.3. Furthermore, the outlook for the remainder […]

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BEST PRACTICES WHEN PREPARING YOUR BUILDING FOR SALE OR LEASE

By: John Boyd It has been my experience that putting your building in the best possible condition will enhance its marketability, shorten time on the market, limit carrying costs and maximize cash flow. In my 40+ years of experience working in commercial real estate, I have learned many tips and tricks for how to best […]

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HOW TO LOOK FOR CANNABIS REAL ESTATE

By: Jason Kelmigian    It is no secret that cannabis is a rapidly growing industry in Michigan. According to Leafly’s reports, Michigan’s marijuana industry has now surpassed Oregon when it comes to cannabis jobs. Also, in a year where many industries shrank due to the pandemic, Michigan’s cannabis industry reportedly doubled and ranks in the […]

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Women in Commercial Real Estate: Experience, Ambition & Tenacity

By: Megan Malczewski   As the only active female agent in the Signature Toledo office, I have a unique perspective on what it is like to work as a commercial broker in a male-dominated field. Residential real estate features many women working as real estate agents but in commercial real estate it is a much […]

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3 Ways an Office Broker Can Help You Safely Return to Work

By: Dan Morrow We all know by now that COVID-19 has challenged the idea of a typical day at the office. Many people have been working from home for a year now, but with the release of the vaccines, there looks to be a light at the end of the tunnel for businesses looking to […]

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Anonymous company considers lot purchase in Triad Business Park

Anonymous company considers lot purchase in Triad Business Park

An anonymous company is considering purchasing 6.5 acres of land from the city of Toledo as part of a $300,000 deal that would also contribute to the redevelopment of two historic downtown buildings. The agreement, if approved by Toledo City Council, would allow Louisville Title Agency for N.W. Ohio, Inc., a local title company, to […]

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International Packaging Company Coming To Northwest Ohio

International Packaging Company Coming To Northwest Ohio

Logoplaste has announced plans to build a new manufacturing plant in Lima, Ohio. With headquarters in Portugal, Logoplaste will construct a 100,000 square-foot facility for plastic injection molding of food grade containers. The new $35 million project will add at least 50 new jobs at the Allen County site. “Proximity to a recognized regional plastics […]

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HopCat restaurants emerge from bankruptcy, sold to new owner

HopCat restaurants emerge from bankruptcy, sold to new owner

GRAND RAPIDS, MI — The chain of HopCat restaurants has been sold to new owners some five months after the former owner, BarFly Ventures, filed for bankruptcy. Two investment firms — Congruent Investment Partners and Main Street Capital — teamed up to buy BarFly Ventures for $17.5 million. They created a new operating company, Project […]

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Perrigo moving its North American HQ downtown

Perrigo moving its North American HQ downtown

Perrigo is investing $44.7 million to move its North American corporate headquarters to Medical Mile in downtown Grand Rapids in a move that will create 170 jobs. The Right Place, in collaboration with the Michigan Economic Development Corporation (MEDC), Michigan State University, Rockford Construction and the city of Grand Rapids, on Tuesday announced the Dublin-based pharmaceutical […]

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Michigan retailers report ‘large upswing’ with September sales

Michigan retailers report ‘large upswing’ with September sales

Nearly half of Michigan retailers optimistically expect higher sales in the coming holiday shopping season. The expectations for holiday-season sales follow what the Michigan Retailers Association called a “large upswing” in retail sales in September from August. In a monthly survey by the MRA, 51 percent of retailers reported increased sales for September from the prior month. […]

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Kroger investing $95 million in new high-tech fulfillment center in Romulus

Kroger investing $95 million in new high-tech fulfillment center in Romulus

The Kroger Co. is spending $95 million to build an automated customer fulfillment center in Romulus that would create 270 jobs. The Michigan Strategic Fund board on Tuesday awarded $1.6 million in a Michigan Business Development Program grant to support the project. The planned 130,000-square-foot facility at 15675 Wahrman Road will prepare and ship grocery […]

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Joe Vicari Restaurant Group Acquires The Hill in Grosse Pointe Farms, Two Other Eateries

Joe Vicari Restaurant Group Acquires The Hill in Grosse Pointe Farms, Two Other Eateries

The Joe Vicari Restaurant Group in Warren today announced the addition of three new restaurants to its portfolio — The Hill Seafood & Chop House in Grosse Pointe Farms, Triple Nickle in Birmingham, and Buc’eez Pub in Macomb Township. The restaurant group, led by Joe and Rosalie Vicari, is best known for its Andiamo and […]

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When experts expect to see demand return for office space in southeast Michigan

When experts expect to see demand return for office space in southeast Michigan

Demand for office space in Metro Detroit is weakening as the coronavirus pandemic persists, but experts predict southeast Michigan could recover sooner than other parts of the country. Metro Detroit’s office market was largely inactive during the third quarter amid the pandemic, according to real estate firm Savills, which maintains an office in Detroit. The […]

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Emerging Tech Complex in Plymouth Township Completes Infrastructure

Emerging Tech Complex in Plymouth Township Completes Infrastructure

Land in Plymouth and Northville townships is being prepared for high-tech and research and development companies as part of a development collaborative. The Michigan International Technology Center, an emerging real estate initiative focused on technology companies, has completed critical infrastructure at Ridge 5 Corporate Park, an MITC community in Plymouth Township. The park, a 60-acre […]

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CRE Improves Slowly but Steadily in SIOR Update

CRE Improves Slowly but Steadily in SIOR Update

On-time transactions for the industrial and office sectors have more doubled since the onset of the pandemic while confidence in the market has held steady, according to The Society of Industrial and Office Realtors’ September survey. SIOR continues to monitor the impact of COVID-19 on the commercial real estate market through its monthly Snapshot Sentiment Survey, and […]

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SIGNATURE SELLS 11,031 SQUARE FEET OF INDUSTRIAL SPACE IN CENTER LINE, MICHIGAN

SOUTHFIELD, MICHIGAN—September 3, 2020— Signature Associates has negotiated the sale of 11,031 square feet of industrial space located at 8833 Ten Mile Road, Center Line, Michigan.   Kris Pawlowski and Ben Wilkiemeyer of Signature Associates represented the seller, M & J Properties.       About Signature Associates Signature Associates, with offices in Southfield, Detroit, […]

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SIGNATURE SELLS 269.18 ACRES OF LAND IN FRENCHTOWN TWP., MICHIGAN

SOUTHFIELD, MICHIGAN—August 7, 2020— Signature Associates has negotiated the sale of 269.18 acres of land located at Telegraph Road, Frenchtown Twp., Michigan.   Brad Viergever of Signature Associates represented both the seller, Loh Investments LP, and the purchaser, InSite Real Estate Investment Properties, LLC.     About Signature Associates Signature Associates, with offices in Southfield, […]

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Rightsizing Your Office Space

By: John Van Noord Is your business considering rightsizing? It should be. COVID-19 has completely changed how people go to work every day as more people than ever now work from home. The reality is that the work-from-home experiment is working. Many businesses are experiencing increased productivity and efficiency like never before, causing corporate leadership […]

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3 REASONS WHY YOU STILL NEED TO BE AT MAIN & MAIN

By: Erica Dunlap We know the retail landscape has greatly changed over the past few months. COVID-19 will have long-lasting effects on the real estate industry and specifically the retail sector, however, we still see a need for premier retail space as we navigate our new normal. Here are three reasons why we still see […]

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HOW TO BEST PREPARE YOUR BUILDING FOR SALE OR LEASE

By: John Boyd   In my 40 years of experience working in commercial real estate, I’ve learned many tips and tricks for how to best present a building for sale or lease. I’ve divided the list into two sections: exterior and interior, and while some steps are very basic and inexpensive, others require more effort. […]

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Opportunity Zone Deals Suddenly Accelerate As Program Starts To Look More Attractive

Opportunity Zone Deals Suddenly Accelerate As Program Starts To Look More Attractive

In the first month after the coronavirus ground the U.S. economy to a halt, the opportunity zone marketplace had slowed along with the rest of the commercial real estate industry. The opportunity zones program has been described by the Trump administration as a tool to inject hundreds of billions of dollars into underserved communities. In […]

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Real estate uncertainty could bring opportunity

Real estate uncertainty could bring opportunity

The COVID-19 pandemic upended an otherwise steady and busy quarter for commercial real estate in West Michigan, according to Colliers International West Michigan’s 2020 Q1 market reports. “Q1 began with a high level of activity across all sectors coming off a strong end to 2019; in fact, it was stronger than Q1 2019,” said Jon […]

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Uptick in demand for Macomb County industrial space may signal rebound

Uptick in demand for Macomb County industrial space may signal rebound

Up until last month, the industrial market in Macomb County was performing about as well as any in the region. The vacancy rate in Metro Detroit was 4 percent across nearly 399 million square feet, with one-fifth of that market, or nearly 83 million square feet, in Macomb County outpacing the region at just 2.8 […]

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ROB KELEGHAN ACHIEVES SIOR DESIGNATION FROM THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® (SIOR)

Rob Keleghan of Signature Associates has earned the prestigious Society of Industrial and Office Realtors® (SIOR) and joins 11 other SIOR members from Signature Associates. SIOR is the leading professional commercial and industrial real estate association and represents today’s most knowledgeable, experienced, and successful brokerage specialists.   The SIOR is a selective organization, and to […]

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Oregon receives grant for infrastructure around industrial parks

Oregon receives grant for infrastructure around industrial parks

The U.S. Department of Commerce said Wednesday that the city of Oregon has been awarded a $2.7 million Economic Development Administration grant to be used for infrastructure in and around the city’s industrial parks that should help attract new businesses. The grant, to be matched with $679,179 in local funds, is expected to help generate […]

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Spectrum to expand downtown

Spectrum to expand downtown

Spectrum Health selected where its new facility will be located. The health system initially was planning land it owns southwest of the Cornerstone University campus, at Leffingwell Avenue NE and Bradford Street NE, for a new building to house administrative and training offices, as the Business Journal reported in June. Instead, the building will be […]

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Three years after layoffs, First Solar producing like never before

Three years after layoffs, First Solar producing like never before

Three years ago, the mood around the First Solar Inc. complex in Perrysburg Township was glum. The Tempe, Ariz.-based solar panel manufacturer announced the permanent layoff of about 450 employees as it phased out its older panels to make room for its new, larger Series 6 thin-film panels. The Series 6 went into production in mid-2018, and […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 190,450 SQUARE FEET OF INDUSTRIAL SPACE IN TROY, MICHIGAN

SOUTHFIELD, MICHIGAN—August 1, 2019— Signature Associates has been awarded the representation of 190,450 square feet of industrial space located at 4755 Rochester Road, Troy, Michigan.   The building is in the Rochester Road Corridor which connects the industrial markets of Orion Twp., Auburn Hills, & Rochester together with the Troy, Madison Heights, & Sterling Heights […]

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SIGNATURE SELLS 33,500 SQUARE FEET OF INDUSTRIAL LEASE IN HOWELL, MICHIGAN

SOUTHFIELD, MICHIGAN—August 26, 2019— Signature Associates has negotiated the sale of 33,500 square feet of industrial space located at 327 Catrell Drive, Howell, Michigan.   Jim Montgomery of Signature Associates represented both the seller, CAAZ, Inc., and the purchaser, Domen Properties.  The new owner is experiencing exponential growth and needed a larger facility for their […]

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SIGNATURE LEASES 11,690 SQUARE FEET OF INDUSTRIAL SPACE IN CLINTON TWP., MICHIGAN

SOUTHFIELD, MICHIGAN—August 26, 2019— Signature Associates has negotiated the lease of 11,690 square feet of industrial space located at 36535 Groesbeck Highway, Clinton Twp., Michigan.   Paul Saad and Ben Wilkiemeyer of Signature Associates represented both the landlord, Pasadena Properties, LLC, and the tenant, NMP Group, LLC, a trucking company.   About Signature Associates Signature […]

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SIGNATURE LEASES 24,877 SQUARE FEET OF INDUSTRIAL SPACE IN SHELBY TWP., MICHIGAN

SOUTHFIELD, MICHIGAN—August 1, 2019— Signature Associates has negotiated the lease of 24,877 square feet of industrial space located at 14100 Rocco Court, Shelby Twp., Michigan.   Ben Wilkiemeyer and Paul Saad of Signature Associates represented the tenant, Global Systems Engineering Group, Inc. About Signature Associates Signature Associates (www.signatureassociates.com), with offices in Southfield, Detroit, Lansing, Grand […]

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SIGNATURE LEASES 27,843 SQUARE FEET OF INDUSTRIAL SPACE IN NOVI, MICHIGAN

SOUTHFIELD, MICHIGAN—July 18, 2019— Signature Associates has negotiated the lease of 27,843 square feet of industrial space located at 46615 Ryan Court, Novi, Michigan.   Jim Montgomery of Signature Associates represented the tenant, In Touch Automation. In Touch Automation has experienced considerable growth in the last 5 years. This new facility will allow them to […]

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SIGNATURE SELLS 6,909 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—June 20, 2019— Signature Associates has negotiated the sale of a 6,909 square foot retail building located at 2755 Peck Street, Muskegon, Michigan.   Jim Olsen of Signature Associates represented the seller, Martinus Yoo, and the purchaser, Hair Plus.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, […]

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SIGNATURE SELLS 16,380 SQUARE FEET OF HI-TECH SPACE IN WIXOM, MICHIGAN

SOUTHFIELD, MICHIGAN—June 14, 2019— Signature Associates has negotiated the sale of 16,380 square feet of industrial space located at 28294 Beck Road, Wixom, Michigan.   Jim Montgomery of Signature Associates represented the both the seller, RM Motor Sports, and the purchaser, PM Tech. PM Tech has expanded its operations with this new facility. RM Motor […]

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SIGNATURE SELLS 25,000 SQUARE FEET OF INDUSTRIAL SPACE IN WIXOM, MICHIGAN

SOUTHFIELD, MICHIGAN—June 14, 2019— Signature Associates has negotiated the sale of 25,000 square feet of industrial space located at 29165 Wall Street, Wixom, Michigan.   Jim Montgomery of Signature Associates represented the purchaser, RM Motor Sports. RM Motor Sports has expanded its global operations with this new headquarter facility.   About Signature Associates Signature Associates […]

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ERICA DUNLAP WINS THE CORENET GLOBAL 2019 YOUNG LEADER AWARD

Signature would like to congratulate Senior Associate Erica Dunlap on being named the winner of the CoreNet Global 2019 Young Leader Award! This award recognizes the Young Leader of the Year who showed a dedication and enthusiasm for her work, exemplifies excellence and show be considered ‘one to watch’ in the broad field of corporate […]

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SIGNATURE LEASES 66,013 SQUARE FEET OF INDUSTRIAL SPACE IN CANTON, MICHIGAN

SOUTHFIELD, MICHIGAN—June 12, 2019— Signature Associates has negotiated the lease of 66,013 square feet of industrial space located at 7375 Commerce Boulevard, Canton, Michigan.   Brad Viergever of Signature Associates represented both the landlord, Ecorse Investment II, LLC, and the tenant, GNS North America, Inc. Gary Sallen, also of Signature Associates, represented the landlord as […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 100,982 SQUARE FEET OF INDUSTRIAL SPACE IN CLINTON TWP., MICHIGAN

SOUTHFIELD, MICHIGAN—May 31, 2019— Signature Associates has been awarded the representation of 100,982 square feet of industrial space located at 24801 Capital Boulevard, Clinton Twp., Michigan.   Ben Wilkiemeyer and Peter Walocko of Signature Associates are the listing brokers representing the owner, Major Industrial Real Estate. This is a long-term client of Signature’s who is […]

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SIGNATURE SELLS 80,000 SQUARE FEET OF INDUSTRIAL SPACE IN WARREN, MICHIGAN

SOUTHFIELD, MICHIGAN—May 31, 2019— Signature Associates has negotiated the sale of 80,000 square feet of industrial space located at 12700 Stephens Road, Warren, Michigan to Calahan Real Estate Holdings, LLC.   Joe Hamway and Greg Hudas of Signature Associates represented the seller, CMX Corporation.   About Signature Associates Signature Associates (www.signatureassociates.com), with offices in Southfield, […]

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SIGNATURE LEASES 15,750 SQUARE FEET OF INDUSTRIAL SPACE IN TROY, MICHIGAN

SOUTHFIELD, MICHIGAN—August 26, 2019— Signature Associates has negotiated the lease of 15,750 square feet of industrial space located at 1765 Thunderbird Drive, Troy, Michigan.   Kris Pawlowski of Signature Associates represented both the landlord, LJR Wagner Associates, LLC, and the tenant, Terminal Supply, Inc. Paul Hoge, also of Signature Associates, represented the tenant as well. […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF A 38,500 SQUARE FOOT SCHOOL IN BLOOMFIELD TWP., MICHIGAN

SOUTHFIELD, MICHIGAN—May 23, 2019— Signature Associates has been awarded the representation of the 38,500 square foot school located at 3600 S. Bradway Blvd., Bloomfield Hills, Michigan.   Paul Hoge of Signature Associates is the listing broker representing the owner, Detroit Country Day School.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, […]

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SIGNATURE LEASES 4,750 SQUARE FEET OF HI-TECH SPACE IN ROCHESTER HILLS, MICHIGAN

SOUTHFIELD, MICHIGAN—May 21, 2019— Signature Associates has negotiated the lease of 4,750 square feet of hi-tech space located at 1010-1050 Hamlin Road, Rochester Hills, Michigan.   Kris Pawlowski of Signature Associates represented both the landlord, Brewer Properties, and the tenant, Phillips Consulting, Inc.   About Signature Associates Signature Associates (www.signatureassociates.com), with offices in Southfield, Detroit, […]

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SIGNATURE LEASES 1,500 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—May 7, 2019— Signature Associates has negotiated the lease of 1,500 square feet of retail space located at 3108 Henry Street, Muskegon, Michigan.   Jamie Hughes of Signature Associates represented the landlord, Hughes & Sons, and the tenant, Westshore Technologies, LLC.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand […]

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SIGNATURE LEASES 25,000 SQUARE FEET OF INDUSTRIAL SPACE IN BRIGHTON TWP., MICHIGAN

SOUTHFIELD, MICHIGAN—May 6, 2019— Signature Associates has negotiated the lease of 25,000 square feet of industrial space located at 301-302 Appian Way, Brighton Twp., Michigan.   Jim Montgomery of Signature Associates represented both the landlord, Appian Development, Inc., and the tenant, RMR Solutions. RMR Solutions has expanded their footprint in Michigan.   About Signature Associates […]

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SIGNATURE SELLS 0.87 ACRES OF PROPERTY VACANT LAND IN LOWELL, MICHIGAN

GRAND RAPIDS, MICHIGAN—May 9, 2019— Signature Associates has negotiated the sale of 0.87 acres of vacant land located at 1400 W. Main Street, Lowell, Michigan.   Joe Rizqallah of Signature Associates represented the seller, Curtis Laundry & Dry Cleaners, Inc. and the purchaser, NLD Lowell, LLC.  Signature has a great long-standing relationship with NLD Lowell […]

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SIGNATURE LEASES 16,050 SQUARE FEET OF INDUSTRIAL SPACE IN ROCHESTER HILLS, MICHIGAN

SOUTHFIELD, MICHIGAN—April 24, 2019— Signature Associates has negotiated the lease of 16,050 square feet of industrial space located at 2932 Waterview Drive, Rochester Hills, Michigan to new tenant Seojin System Vina Company, Ltd. This lease represents the first Michigan location for Seojin System Vina. Paul Hoge and Gary Sallen of Signature Associates represented the landlord, […]

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