Manufacturer leases major property in Michigan

Property includes sizeable office component

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Binswanger recently arranged the lease of an 85,287-square-foot building with acreage in Hillsdale, Mich. The value of the transaction was not disclosed. This fully air-conditioned, one-story building features 7,713 square feet of modern office space, steel panel walls, and a 100 percent wet sprinkler system. The landlord, Alsons Corp., inked the agreement with lessee Teleflex Systems, a specialty engineering manufacturer headquartered in Limerick, Pa. Organized into three distinct business segments, the Commercial division produces marine, auto and industrial products; the Medical division produces surgical devices and disposable hospital supplies; and the Aerospace division produces cargo systems and repair services for airplanes. Philadelphia-based Binswanger is an international full-service real estate organization with more than 160 offices worldwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....