Tape manufacturer buys space outside Detroit

Grubb & Ellis Co. recently represented private investors MTC Associates in the sale of a 346,000-square-foot warehouse/distribution center in Romulus, Mich.

The value of the transaction, which closed in December, was not disclosed.

Ontario-based LePage's 2000, a manufacturer of private-label tape, packaging materials and stationery products, purchased the facility for use as its Midwest operations base.  more...

Hines REIT buys Daytona, Laguna buildings

Hines Real Estate Investment Trust Inc. has acquired nine office buildings containing approximately 715,000 square feet in Redmond, Wash., for an undisclosed price.

The Daytona and Laguna office complexes are located along the Highway 520 Corridor east of Seattle, and were sold by Hart Properties NW LLC. At the time of sale, they were fully leased to tenants, including Microsoft Corp., which occupies 40 percent of the project, and Honeywell Industrial Inc., which occupies 54 percent.  more...

Subaru leases gigantic industrial space

ProLogis today announced it has leased 282,000 square feet of distribution space in suburban Indianapolis to Subaru of America Inc.

The value of the transaction was not disclosed.

The recently completed distribution facility, totaling 501,000 square feet, is located along Interstate 65 in the city of Whitestown. Subaru plans to use the facility as a regional distribution center for its automotive parts and accessories, serving Subaru dealerships and other automotive retailers throughout the Midwest.  more...