Two developers acquired a 25-acre plot in Detroit for a 190,000-square-foot logistics center that will eventually employ 228 workers, officials said Tuesday.
The developers have secured a deal with an unidentified “major manufacturer” and plan to begin the eight-month construction project “shortly,” the Revitalizing Automotive Communities Environmental Response (RACER) trust said in a statement.The General Motors bankruptcy trust, which controls properties the automaker relinquished in bankruptcy, said that it had sold three clustered parcels at the Clark Street Technology Park to General Development Company and Friedman Integrated Real Estate Solutions.
The manufacturer’s plans include a warehouse, cross-dock facility and a paved yard for 350 trucks. The property is located at 2751 Clark Street, 2860 Clark Street and 2730 Scotten Street, near Michigan Avenue and southwest of downtown.
“To have a major industrial user make this sort of commitment is another positive sign of Detroit’s comeback and indicative of strong optimism for a continued robust recovery,” said Bruce Brickman, co-owner of General Development.
Terms of the transaction were not disclosed. Officials said the manufacturer would be revealed publicly at a later date.
“In addition to the direct employment, this project will create jobs for truck drivers and logistics support staff,” RACER administrative trustee Elliott Laws said. “We look forward to the successful redevelopment of these properties and the broad benefits that will flow from the project.”