Newmark closed a 741,923-square-foot industrial lease with an undisclosed tenant at Wixom Assembly Park, a two-phase, five-building, 1.6-million-square-foot industrial park in the Detroit suburb of Wixom, Michigan.
Newmark Vice Chairman Mark Long and Executive Managing Directors Dan Labes and David Giltner serve as exclusive leasing advisors for the project, and represented asset owner, Flint Development, in the transaction.
Wixom Assembly Park features five buildings, built in two phases—Buildings A and B have delivered; with Buildings C, D and E being slated for delivery in the first quarter of 2023—totaling more than 1.6 million square feet.
The park can accommodate tenants 50,000 square feet and larger. Each building offers multiple loading docks and plentiful car and trailer parking. Permitted uses include warehouse, distribution, logistics, light industrial and assembly.
The recent lease was for Building A—the largest within the park—which features up to 160 dock doors, four drive-in doors, 36-foot clear height, 50- by 52-foot column spacing, LED lighting, ESFR sprinklers and parking for 516 cars and 513 trailers. The building is situated in a prime location with immediate access to Interstate 96 at Wixom Road.
