SOUTHFIELD, MICHIGAN—October 26, 2017— Signature Associates has negotiated the sale of 460,000 square feet of industrial space located at 4444 W. Maple Avenue, Flint, Michigan.

Peter Walocko of Signature Associates represented both the seller, Dermody Properties Flint LLC, and the purchaser, Phoenix Acquisition LLC. Paul Hoge, also of Signature Associates represented the purchaser and Bruce Morrison was a referral for the seller. Phoenix Acquisitions has multiple locations and this new property has exciting potential with an excess of 10 million square feet for development.

About Signature Associates

Signature Associates (, 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.

Posted Under: CBOR News