BATTLE CREEK, MI (WKZO AM/FM) — Battle Creek Unlimited (BCU) announced Wednesday that a sale has been made to Industrial Partners USA for 55 acres of land.
The land will be developed into a 270,000 square foot spec building. The property is located along Watkins Road along Interstate 94, just off exit 92.
The building will include the following features:
- 7,000 square feet of office space;
- 32’ ceilings;
- columns spaced at 50’ x 50’; 6” concrete floors;
- sixteen truck docks, with an additional 30 knock-outs for future development;
- and the potential to accommodate a future rail spur.
The property will include parking for more than 130 employees.The total investment is expected to be approximately $11 million. The developers expect to break ground later this summer and have the building ready for move-in by March 2021.
Industrial Partners USA is a joint venture between Clark Logic and Great Lakes Capital. Clark Logic, based in Portage, Michigan, provides warehousing, real estate management, and transportation & logistics services.
Established in 1969, it owns 45 properties with more than 2 million square feet of space in Calhoun, Kalamazoo, and St. Joseph counties.
“Our understanding of Southwest Michigan has been gained by building relationships with communities for the last 50 years,” Vice President of Development at Clark Logic Greg Dilone, Jr. said. “Given Battle Creek’s location, workforce, and competitive costs, we believe there is a tremendous opportunity here. This is the first of three phases we have planned for the site. If we are successful, we will build two more buildings, creating an additional 500,000 square feet of industrial space.”
Great Lakes Capital, of South Bend, Indiana, is a real estate private equity firm established in 2005. The company provides office, industrial, retail, medical office, multifamily and mixed-use space. The company’s portfolio includes seven industrial spec buildings in northern Indiana, home to companies like Amazon, AM General, and Borg Warner.
“This development will be a great complement to the Fort Custer Industrial Park,” Managing Director and Principal at Great Lakes Capital Jeff Smoke said. “There is nothing like this property available in this region right now. With its easy access to the highway and high visibility along I-94, we expect that this project will attract a lot of attention from major national companies.”
Officials with Battle Creek Unlimited are also weighing in.
“There is a significant lack of industrial space in this region, which is driving investment to other markets,” BCU President Joe Sobieralski said. “This project will meet the local demand for modern facilities. These types of investments have been proven time and time again to capture companies that go elsewhere due to lack of immediate availability and inventory in the market.”
Sobieralski adds that this project could create anywhere between 100 to 200 new jobs.
