SIGNATURE LEASES 21,150 SQUARE FEET OF INDUSTRIAL SPACE IN LYON TOWNSHIP
SOUTHFIELD, MICHIGAN—November 30, 2017— Signature Associates has negotiated the lease of 21,150 square feet of industrial space located at 53400 Grand River Avenue, Lyon Township, Michigan to tenant dSpace. dSpace is expanding their manufacturing operations to this location, which will be their second in this area.
Jim Montgomery of Signature Associates represented the landlord, 926 Associates, LLC. 926 Associates, LLC is a significant Westside investor. The building at 53400 Grand River was built as a spec. and was well received by the market.
About Signature Associates
Signature Associates (www.signatureassociates.com), with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, Holland, Kalamazoo, Michigan and Toledo, Ohio, is the region’s leading commercial real estate firm. Signature provides a diverse selection of services, including brokerage, tenant representation, investment sales, property/asset management, advisory services, consulting and market research.
In 2016, Signature completed more than 1,260 transactions totaling 32.2 million square feet and 2,100 acres with a value of $1.1 billion. Additionally, the firm manages more than 8 million square feet of commercial space for its third-party clients, making us one of the largest locally owned property management firms in the market. Over the past 10 years, the firm has closed $9.2 billion in transactions solidifying their position as the commercial real estate leader in Michigan and Northwest Ohio.