In 2005, Steelcase, the global leader in the office furniture industry, announced that it intended to sell 18 buildings on over 200 acres at its campus in Grand Rapids, MI. Modernization of Steelcase’s manufacturing operations and reconfiguration of its supply chain and warehouse facilities prompted the sale of this 4.3 million square feet complex. Steelcase was particularly concerned about the outcome of this transaction given its 95 year history as a corporate leader in the community and the continued presence of its global headquarters on an adjacent parcel.

Ashley bid on the project and was chosen for its financial capability, experience in major redevelopments and the compatibility of its plans with those of the community. Ashley’s master plan includes renovating certain buildings, demolishing others to make way for new construction and attracting new users to the center.

Within 18 months, over half of the space has been sold to users including a plastics company and a wholesaler of office and stationery supplies. Both leasing and sales activity continue to be strong for companies looking to expand or relocate to the Grand Rapids market.