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Key retail property across from Oakland Mall sells for $34 million

Amid a global pandemic that has shaken the brick-and-mortar retail industry even more, a Baltimore buyer is betting $34 million on the success of a key property across from Oakland Mall in Troy. Continental Realty Corp., a private equity fund, has purchased Oakland Center and Oakland Square at 14 Mile and John R roads totaling some 392,000 […]

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Well-known office properties in metro Detroit up for grabs

Blink and you miss it. In the past week, nearly 800,000 square feet of office space across four well-known properties in Troy and Pontiac became available if you have the scratch. Toss in the Fisher Building and the former UAW-GM Center for Human Resources in Detroit for good measure, and you have six buildings over […]

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Region’s third known Amazon Fresh grocery store coming to Troy

The region’s third Amazon Fresh grocery store concept is believed to be under construction in Troy. Permits and site plans obtained from the city through a Freedom of Information Act request show a layout and design similar to other Amazon Fresh stores around the country, including locations Crain’s previously first reported in the spring in Shelby […]

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Flex-N-Gate to invest $52 million, create 245 jobs in Troy

Flex-N-Gate to invest $52 million, create 245 jobs in Troy

Flex-N-Gate Group plans to invest $52 million and add 245 new jobs in Troy, where it is building out a new 205,000-square-foot plant. The Illinois-based tier one auto supplier will produce sequenced plastic fascias and welded underbody rear rails in the former AxleTech plant at 1400 Rochester Road, according to a Thursday news release from […]

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How busy Troy got an Opportunity Zone to kick-start development

The Top of Troy high-rise along its namesake city’s vaunted retail and office corridor is somewhat deceiving. Sometimes called the PNC Center with the bank’s name emblazoned on the top, it is an homage to capitalism and wealth: 363 feet towering high above the upper middle-class Oakland County city, no building for miles close to […]

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Electric Last Mile Establishes its Global Headquarters in Troy

Electric Last Mile Establishes its Global Headquarters in Troy

Electric Last Mile, a commercial electric vehicle solutions company, has established its new global headquarters in Troy. The company, which designs, manufactures, and customizes electric, connected last-mile delivery vehicles, was previously based in Auburn Hills. The firm launched its Urban Delivery Van in December 2020. The company also announced a combination with Florida’s Forum Merger III Corp. […]

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Some metro Detroit malls to reopen this week — with changes

Some metro Detroit malls to reopen this week — with changes

Three of the region’s most high-profile regional shopping centers are due to reopen later this week following a complete shutdown since the end of March. The owners of Great Lakes Crossing Outlets in Auburn Hills, Twelve Oaks Mall in Novi and Somerset Collection in Troy say patrons can shop there once again beginning Thursday and […]

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Kelly Services renovating headquarters, consolidating space with sale-leaseback deal

Kelly Services renovating headquarters, consolidating space with sale-leaseback deal

A sale-leaseback deal expected to close early next year will result in a real estate musical chairs for Troy-based Kelly Services Inc., which is consolidating employees into a renovated headquarters building and another building nearby. The publicly traded staffing company (NASDAQ: KELYA, KELYB) on Thursday announced a pending sale of three of its owned properties, […]

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Demolition of Kmart HQ remains a possibility for new development

Demolition of Kmart HQ remains a possibility for new development

Some concepts for any redevelopment of the former Kmart Corp. headquarters in Troy still involve tearing it down. However, nothing is firmed up and any redevelopment of the existing 1.1 million-square-foot, long-vacant behemoth or new development on the 40 acres on which it sits are easily years out. In general, it’s been a high-octane recovery […]

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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 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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Superior Electric Great Lakes Co. Opens Renovated Troy Headquarters

Superior Electric Great Lakes Co. Opens Renovated Troy Headquarters

Troy employee-owned electrical contractor Superior Electric Great Lakes Co. last week officially opened its newly renovated, 50,000-square-foot headquarters at 1740 E. Maple Rd. More than 150 guests and employees took part in a ribbon-cutting ceremony for what the company calls one of the most advanced engineering departments of any electrical contractor in the Midwest. “This […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 24,000 SQUARE FEET OF OFFICE SPACE IN TROY, MICHIGAN

SOUTHFIELD, MICHIGAN—April 19, 2019— Signature Associates has been awarded the representation of 24,000 square feet of office space located at 164 Indusco Court, Troy, Michigan.   Joe Banyai and Dave Miller of Signature Associates are the listing brokers representing the owner, Pantero.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand […]

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SIGNATURE SELLS 14,068 SQUARE FEET OF HI-TECH SPACE IN TROY, MICHIGAN

SOUTHFIELD, MICHIGAN—April 19, 2019— Signature Associates has negotiated the sale of 14,068 square feet of hi-tech space located at 1050 E. Maple Road, Troy, Michigan.   Paul Hoge and Chris Secontine of Signature Associates represented the seller, the Kollin Family. Dave Miller and Kris Pawlowski, also of Signature Associates, represented the purchaser, Good Development Holdings, […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 24,000 SQUARE FEET OF OFFICE SPACE IN TROY, MICHIGAN

SOUTHFIELD, MICHIGAN—April 19, 2019— Signature Associates has been awarded the representation of 24,000 square feet of office space located at 164 Indusco Court, Troy, Michigan. Two floors are available with 12,000 square feet per floor that will be finished-to-suit. This is a modern, high-end office space with a mirrored glass exterior and easy access to I-75 […]

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$224 million, 8.5-mile overhaul of I-75 in Oakland County to start next month

$224 million, 8.5-mile overhaul of I-75 in Oakland County to start next month

Construction on I-75 in Oakland County is set to ramp up again next month with an 8.5-mile overhaul as well as the state’s first carpool lane and two more interchange projects. Segment two of the nearly $2 billion I-75 Modernization Project will include redoing the freeway from Coolidge Highway to 13 Mile Road. The Michigan […]

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Florida developer seeks $107.5 million payday for City Center property in Troy

Florida developer seeks $107.5 million payday for City Center property in Troy

The Orlando-based developer of the Troy City Center project is trying to sell the property for $107.5 million. Unicorp National Developments Inc. is marketing the recently renovated 1979 office property plus its new parking deck and retail space at West Big Beaver and Crooks roads through Southfield-based The Jonna Group, a division of Marcus & Millichap Real […]

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