Colliers International has brokered a 73,905-square-foot lease for WAFUSA Logistics, which is relocating its Grand Rapids, Mich., business. The company moved from its current location at 5357 52nd St. SE to 5738 Eagle Drive SE, which allowed it to almost triple its space.
“Large warehouse spaces like this are becoming increasingly more difficult to find in West Michigan as the region’s distribution industry continues to grow,” said Senior Associate Tim Van Noord, the broker who arranged the deal, in a prepared statement.
The property is located in a coveted industrial area which extends from Patterson Avenue to Interstate 96, which is only a few miles from Gerald R. Ford International Airport. It features docks in the front and back. Prior to relocating to the new address, WAFUSA had to complete several upgrades to the building, including lighting.
The property’s tenant roster also includes names such as IDI Distributors, Surface Logistics and Grand Rapids Truck Loading. The nearby area is home to several distribution facilities including Fabory USA and Columbian Logistics.
Earlier this month, Colliers represented Schostak Brothers in acquiring a large distribution center in Grand Rapids. The 950,000-square-foot property is located at 1040 40th St. SE and houses Bunzl Retail Services.
Image courtesy of Colliers International