{"id":1004326085,"date":"2019-05-22T21:36:45","date_gmt":"2019-05-23T05:36:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004326085"},"modified":"2019-05-23T05:54:49","modified_gmt":"2019-05-23T13:54:49","slug":"morning-calm-management-buys-84m-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morning-calm-management-buys-84m-industrial-portfolio\/","title":{"rendered":"Morning Calm Management Buys $84M Detroit Industrial Portfolio"},"content":{"rendered":"<div id=\"attachment_1004297330\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004297330\" data-attachment-id=\"1004297330\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lehigh-valley-among-top-emerging-industrial-markets\/industrial-5\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D3300&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1478276353&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.2&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"industrial\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg?w=800\" class=\"wp-image-1004297330 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004297330\" class=\"wp-caption-text\"><em>Image via Pixabay<\/em><\/p><\/div>\n<p>Morning Calm Management has added to its portfolio with the purchase of a 1.5 million-square-foot industrial portfolio in the Detroit area from Promanas Group for $83.7 million.<\/p>\n<p>The nine properties are located in the suburban areas of Livonia, Auburn Hills, Redford, Saline, Lake Orion and Macomb Township. The deal marks the fourth acquisition by Morning Calm in the Detroit area over the past year, according to NKF, as the firm has focused on growing its footprint in the metro. Morning Calm most <a href=\"https:\/\/www.commercialsearch.com\/news\/morning-calm-trades-240-ksf-south-fl-business-park\/\">recently sold an office campus<\/a> in Fort Lauderdale, Fla., to YMP Real Estate Management for $29.3 million.&nbsp;<\/p>\n<p>A Newmark Knight Frank team of Executive Managing Director Dan Labes and Senior Managing Director Tom Oldham arranged the deal on behalf of the buyer.<\/p>\n<p>The industrial real estate sector has continued to show its strength over the past couple of years, as e-commerce growth and consumer spending increase. The most recent data suggests that industrial supply is finally catching up with demand, as <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-supply-catches-up-with-demand\/\">the availability rate of industrial space<\/a> in the U.S. hit 7 percent in the first quarter of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm purchased the nine-property, 1.5 million-square-foot suburban portfolio from Promanas Group. The deal marks the company&#8217;s fourth acquisition in the area over the past year.<\/p>\n","protected":false},"author":745,"featured_media":1004297330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1495,21748,21783,13,21742],"tags":[33697,36007,45701],"class_list":["post-1004326085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-industrial","category-investment","category-midwest","category-latest","tag-morning-calm-management","tag-newmark-knight-frank","tag-promanas-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morning Calm Management Buys $84M Detroit Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/morning-calm-management-buys-84m-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Calm Management Buys $84M Detroit Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"The firm purchased the nine-property, 1.5 million-square-foot suburban portfolio from Promanas Group. The deal marks the company&#039;s fourth acquisition in the area over the past year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/morning-calm-management-buys-84m-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-23T05:36:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-23T13:54:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/industrial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morning-calm-management-buys-84m-industrial-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morning-calm-management-buys-84m-industrial-portfolio\\\/\"},\"author\":{\"name\":\"Holly Dutton\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9259ffaba4775229ae3556b9555e566d\"},\"headline\":\"Morning Calm Management Buys $84M Detroit Industrial Portfolio\",\"datePublished\":\"2019-05-23T05:36:45+00:00\",\"dateModified\":\"2019-05-23T13:54:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morning-calm-management-buys-84m-industrial-portfolio\\\/\"},\"wordCount\":198,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morning-calm-management-buys-84m-industrial-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/02\\\/industrial.jpg\",\"keywords\":[\"Morning Calm Management\",\"Newmark Knight Frank\",\"Promanas Group\"],\"articleSection\":[\"Deals\",\"Detroit\",\"Industrial\",\"Investment\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morning-calm-management-buys-84m-industrial-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morning-calm-management-buys-84m-industrial-portfolio\\\/\",\"name\":\"Morning Calm Management Buys $84M Detroit Industrial Portfolio - 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