Experi-Metal and Penske Ink Deals at Livonia Corporate CenterFebruary 2018
Ashley is completing a two-building speculative construction project at the existing 1,000,000 square foot industrial park known as Livonia Corporate Center in Livonia, Michigan. Scheduled to be completed in the first quarter of 2018, the park will total approximately 2,000,000 square feet in four buildings. The tenant roster in the existing buildings includes Ford Motor Company and International Paper.
Experi-Metal Inc., a world class supplier and manufacturer of prototype tooling and low volume stampings, trim moldings, and sub-assemblies, is taking the entire 182,000 square foot building fronting Schoolcraft Road. It will operate a manufacturing facility in the space.
Penske Logistics, LLC, a leader in innovative transportation and logistics solutions, has leased 590,000 square feet in the second building being constructed, which boasts 32’ clear heights, ESFR, a cross-dock layout, and parking for 489 cars and 108 trailers.
Newmark Knight Frank represented Ashley Capital in the deals and has the listing on the remaining 153,000 square feet.