Stan Johnson Brokers Michigan Industrial Sale
- Aug 22, 2019
Stan Johnson Co. has represented Covington Group in the sale of Waretech Industrial Park, a multi-tenant distribution facility in Grand Blanc, Mich. Director Rob Gemerchak and Managing Director BJ Feller arranged the deal, securing a purchasing price of $14.9 million for the building. The buyer of the 667,000-square-foot asset was Triyar Cos.
The building is located at 7075 S. Dort Highway, close to the Interstate 75 corridor, 50 miles from downtown Detroit and less than 10 miles from Flint, Mich.’s Bishop International Airport. The property is fully occupied by JASCO International, Joshen Paper & Packaging and WGS Global Services. The facility is primarily utilized for product storage and regional distribution.
Earlier in August, Stan Johnson’s Gemerchak, along with two other colleagues, represented Industrial Commercial Properties in the sale of a recently completed office and distribution center outside of Cleveland.
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