3195 N. WILSON DRIVE / GRAND RAPIDS “Plasan Carbon Composite”
HISTORY This pre-engineered building was constructed in 1999 with an addition in 2001. It consists of 26,860 square feet of two-story office and 170,360 square feet of high bay manufacturing space comprising a total of 197,220 square feet. It’s located in a fantastic manufacturing area and positioned close to all of the main transportation arteries servicing Grand Rapids, Lansing, Detroit and Chicago. Now all the building needed was some new life and a new tenant.
OUR SOLUTION Franklin Partners saw the strengths of the building, acquired the property and repositioned it as a premier facility. We then engaged Colliers to market the building for lease.
RESULT We signed a long-term lease to the world’s first high-volume carbon fiber auto parts manufacturing company. Total improvements to the facility now exceed $20,000,000.
UM/ULI 2012 Sale/Lease of the Year