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REBusiness Online Scannell Properties has broken ground on a 243,770-square-foot industrial property in Romulus Corporate Park in Romulus, Mich. The Indianapolis developer is building the property at 32252 Smith Road, about 20 miles west of Detroit. The property will have ...
Detroit Business Sealy & Co. has acquired Aeroplex One and Two, a two-building industrial property with 600,000 square feet in the Detroit suburb of Romulus, Mich. The Dallas investor purchased the property from its developer, Nemer Property Group, which was ...
fully leased. Global Net Lease has lined up a $70 million mortgage that has a 10-year term and pays a coupon of 4.63 percent.
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