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.

The property, located at 12900 Huron River Drive, is said to be the largest warehouse/distribution user sale reported in metro Detroit in 2006, according to a press statement. Companies that previously occupied the site before MTC Associates include Michelin Tire, Ford Motor Co.’s glass division, and Visteon Corp.

“This sale represents a significant absorption of vacant space in the warehouse distribution market surrounding Detroit Metropolitan Airport,” said Jim McClowry, a senior vice president at Grubb & Ellis, in a statement. “This is just one example of non-automotive companies stabilizing the market even as the auto industry downsizes.”

Grubb & Ellis Co. provides full-service commercial real estate services worldwide.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription