Dart Development Group will break ground this fall on the first speculative building in Phase II of the Oakwood Executive Park in Lansing, Mich.
The new building offers a total of 40,000 square feet with suites from 10,000 square feet and up. Each suite will include a truck dock, grade level door, 28-foot clear warehouse space and a finish-to-suit office area.
“We are running out of room. We have leased more than 40,000 square feet this year, and our occupancy at the park is at 95 percent,” said Marsha Zimmerman, marketing manager of Dart Development.
Dart Development Group’s last spec building was 40,500 square feet, which Dart completed in 2010. That space is now fully leased.