{"id":1004659342,"date":"2023-04-27T10:51:46","date_gmt":"2023-04-27T18:51:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004659342"},"modified":"2023-04-28T05:22:17","modified_gmt":"2023-04-28T13:22:17","slug":"irg-inks-113-ksf-lease-in-suburban-detroit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/","title":{"rendered":"IRG Inks 113 KSF Lease in Suburban Detroit"},"content":{"rendered":"<div id=\"attachment_1004659343\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004659343\" data-attachment-id=\"1004659343\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/thumbnail_640-680_south_boulevard_pontiac_mi_2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg\" data-orig-size=\"662,496\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"660 S. Blvd. E. Image courtesy of Friedman Real Estate.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;660 S. Blvd. E. Image courtesy of Friedman Real Estate.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg?w=662\" class=\"wp-image-1004659343 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg?w=300\" alt=\"660 S. Blvd. E. Image courtesy of Friedman Real Estate.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg 662w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004659343\" class=\"wp-caption-text\">660 S. Blvd. E. <em>Image courtesy of Friedman Real Estate.<\/em><\/p><\/div>\n<p><strong>Industrial Realty Group<\/strong> has landed a new tenant at Pontiac Centerpoint Campus West in Pontiac, Mich. <strong>The Paslin Co.<\/strong>, a design and build organization serving the automotive industry, has signed a 113,742-square-foot long-term lease.<\/p>\n<p>Senior Vice President Phil Konopitski with <strong>Friedman Real Estate<\/strong> represented the tenant in the transaction.<\/p>\n<p>Industrial Realty Group acquired the 538,251-square-foot building in 2015 from <strong>RACER Trust<\/strong> for $2 million, CommercialEdge data shows. The property was subject to a <strong>CMBS<\/strong> loan of $18.4 million in 2019, provided by <strong>Willmington Trust<\/strong> and originated by <strong>Wells Fargo Bank<\/strong>, with a maturity date set for 2029.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-real-estate-outlook-an-economic-perspective\/\">Industrial Real Estate Outlook: An Economic Perspective<\/a><\/p>\n<hr>\n<p>The Class B warehouse was completed in three phases between 1946 and 1986 and received a cosmetic upgrade in 2018. The one-story building sits on 12.2 acres and features 16-foot clear heights, HVAC climate control, loading doors, dock levelers and bumpers, exhaust fans and make-up air units, and offers 2,099 parking spaces. The tenant roster includes Posco Daewoo America, Penske Vehicle Services and Mahindra Automotive North America.<\/p>\n<p>The property is located at 660 S. Blvd. E., 28 miles from downtown Detroit, providing easy access to Interstate 75. The Port of Detroit is roughly 30 miles Southeast of the property, and Detroit Metropolitan Wayne County Airport is within 36 miles. Companies in the surrounding area include UWM, Challenge Manufacturing, Woodworth and Ternes Packaging, among others.<\/p>\n<p>Detroit registered a 5.9 percent rent increase on a 12-month basis as of March, lower than the national average of 7.1 percent, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/electric-vehicle-industry-may-offer-industrial-boost\/\">CommercialEdge report<\/a>. The market\u2019s vacancy clocked in at 3.7 percent, slightly below the national average of 3.9 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friedman Real Estate represented The Paslin Co. in the transaction. <\/p>\n","protected":false},"author":2829,"featured_media":1004659343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1495,21748,13,21742],"tags":[40215,38622],"class_list":["post-1004659342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-detroit","category-industrial","category-midwest","category-latest","tag-friedman-real-estate","tag-industrial-realty-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRG Inks 113 KSF Lease in Suburban Detroit - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Paslin Co. has signed an industrial lease with Industrial Realty Group, at a warehouse in Pontiac, Mich., 28 miles from Detroit.\" \/>\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\/irg-inks-113-ksf-lease-in-suburban-detroit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRG Inks 113 KSF Lease in Suburban Detroit\" \/>\n<meta property=\"og:description\" content=\"The Paslin Co. has signed an industrial lease with Industrial Realty Group, at a warehouse in Pontiac, Mich., 28 miles from Detroit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/\" \/>\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=\"2023-04-27T18:51:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-28T13:22:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"662\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/\",\"name\":\"IRG Inks 113 KSF Lease in Suburban Detroit - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg\",\"datePublished\":\"2023-04-27T18:51:46+00:00\",\"dateModified\":\"2023-04-28T13:22:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"The Paslin Co. has signed an industrial lease with Industrial Realty Group, at a warehouse in Pontiac, Mich., 28 miles from Detroit.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg\",\"width\":662,\"height\":496,\"caption\":\"660 S. Blvd. E. Image courtesy of Friedman Real Estate.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IRG Inks 113 KSF Lease in Suburban Detroit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\",\"name\":\"Madalina Pojoga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"caption\":\"Madalina Pojoga\"},\"description\":\"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IRG Inks 113 KSF Lease in Suburban Detroit - Commercial Property Executive","description":"The Paslin Co. has signed an industrial lease with Industrial Realty Group, at a warehouse in Pontiac, Mich., 28 miles from Detroit.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/","og_locale":"en_US","og_type":"article","og_title":"IRG Inks 113 KSF Lease in Suburban Detroit","og_description":"The Paslin Co. has signed an industrial lease with Industrial Realty Group, at a warehouse in Pontiac, Mich., 28 miles from Detroit.","og_url":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-04-27T18:51:46+00:00","article_modified_time":"2023-04-28T13:22:17+00:00","og_image":[{"width":662,"height":496,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg","type":"image\/jpeg"}],"author":"Madalina Pojoga","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/","url":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/","name":"IRG Inks 113 KSF Lease in Suburban Detroit - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg","datePublished":"2023-04-27T18:51:46+00:00","dateModified":"2023-04-28T13:22:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a"},"description":"The Paslin Co. has signed an industrial lease with Industrial Realty Group, at a warehouse in Pontiac, Mich., 28 miles from Detroit.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg","width":662,"height":496,"caption":"660 S. Blvd. E. Image courtesy of Friedman Real Estate."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/irg-inks-113-ksf-lease-in-suburban-detroit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"IRG Inks 113 KSF Lease in Suburban Detroit"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a","name":"Madalina Pojoga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","caption":"Madalina Pojoga"},"description":"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.","url":"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/thumbnail_640-680_South_Boulevard_Pontiac_MI_2-e1682580786902.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004659342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004659342"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004659342\/revisions"}],"predecessor-version":[{"id":1004659625,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004659342\/revisions\/1004659625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004659343"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004659342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004659342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004659342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}