Regions Midwest
Logistics Company Inks 720,000-SF Industrial Lease in Suburban Detroit
Oct 10, 2008

Comprehensive Logistics Co. has signed a lease for approximately 718,700 square feet of space in Romulus, Mich., at the Northline Industrial Center, a 1 million-square-foot warehouse facility located at 38481 Huron River Dr., about 25 miles west of Detroit. Northline L.L.C. owns the 52-year-old property, which sits on a 156-acre parcel near rail transportation, major highways and within three miles of Detroit Metropolitan Airport. Terms of the lease agreement between Comprehensive Logistics and the landlord have not been disclosed. However,  Colliers International, which represented the landlord in the transaction, markets space at Northline for as little as $2.50 per-square-foot, triple net. CB Richard Ellis represented the tenant.

 
Recent Midwest Headlines
Heartland Acquires 37 Industrial Acres in Ohio
Heartland Inc. has acquired 37 industrial acres in Washington Court House, Ohio, where it plans on building a structural steel service center.
Verizon Signs 72,696-SF Lease Extension in Chicago
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
Midwest Industry Hit by Recession
Various international tempests and other factors, such as uncertainty over the price of oil, seemed to drive the markets down Monday, but only slightly. The Dow Jones index ended 31.62 points down, or 0.37 percent, while the S&P 500 was off 0.39 percent and the Nasdaq was down more--1.3 percent.
$87M Casino Gets Under Way in Historic Dodge City
Ground will officially be broken on Monday for the $87.5 million Boot Hill Casino and Resort in Dodge City, Kan., although construction is already under way. The developer is Butler National Service Corp., a subsidiary of Butler National Corp., in conjunction with BCH Development.
calhoun square NorthMarq to Manage 845,000 SF of Twin Cities Retail Space
NorthMarq is adding six new third-party retail assignments to its retail property management and brokerage business in the Minnesota's Twin Cities.