Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganIndustrial

Newmark closes 102,377-square-foot industrial lease in Detroit market

February 4, 2022
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Newmark has completed a 102,377-square-foot industrial lease with Trigo Quality Solutions, Inc. at 2430 E. Walton Blvd. in Auburn Hills, Michigan.

Newmark Executive Managing Director Geoff Hill and Associate Chris Hill represented the new owner and landlord, Frain Cooper Holdings, LLC, in the transaction.

The landlord purchased the 125,063-square-foot industrial building through a partial sale-leaseback with Norma Group. The Newmark team was able to secure a deal with Trigo Quality Solutions to bring the total building occupancy to 100% upon closing.

Anthony Rubino of Pilot Property Group represented the tenant, Trigo Quality Solutions, in the transaction. The company will use the space for sequence and warehousing, to fulfill client needs. Norma Group will remain in the building in 22,686 square feet of office and lab space.

According to Newmark Research, the Metro Detroit industrial market vacancy rate fell 20 basis points to 4.0% during the fourth quarter of 2021 as just over 2.8 million square feet was absorbed, for a total of 7.5 million square feet of net absorption in 2021, a level not seen since 2017.

Tags
Auburn HillsNewmark
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
WisconsinCRE

Wisconsin’s Boldt Company hires CIO

September 29, 2023
IowaNet LeaseRetail

Marcus & Millichap negotiates sale of Dollar General in Iowa

September 29, 2023
TexasOffice

KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

September 29, 2023
IllinoisCRE

RECAP: 2023 Goldie Gala

September 29, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com