Warren Business Center
Address: 14235-14299 Frazho Road & 26195 Bunert Road
Park Size: 670,000 SF
Number of Buildings: 1
Listing Broker: Mike Davidson and Dan Labes, NEWMARK
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- Property Info
The Warren Business Center was constructed in phases between 1966 and 1971 as a freezer, cooler, and dry goods warehouse for a major midwestern regional grocery store chain. The company filed for bankruptcy in 1987 and for the next seven years the property was neglected and largely vacant. In February 1994, Ashley Capital successfully bid on the property and entered into a five-year land contract with the bankruptcy trustee to purchase the property. In December of 1996, Ashley paid off the land contract in full and secured title to the property. Ashley made major modifications to the building and it leased up within five months. In response to strong tenant demand, Ashley expanded the facility in 1998 by 150,000 SF and completed major site improvements.