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Avison Young tapped to market General Motors Peckham Industries Industrial Portfolio with Ashley Capital
May 11, 2022
Detroit, MI – Avison Young today it has been tapped to market for-sale a 100% occupied, two building 1,715,772 square-foot (sf) automotive industrial portfolio at 2901 South Canal Road and 7100 Millett Highway in Lansing, MI on behalf of the seller, Ashley Capital.
Avison Young Principals Erik Foster and Mike Wilson, based in the firm’s Chicago office and members of the national industrial capital markets team along with Avison Young Managing Director and Principal Jim Becker based in the firm’s Detroit office are representing Ashley Capital.
The tenants in the building are General Motors and Peckam, Inc. Both facilities are well located near the recommitted GM Lansing EV Stamping facility, offering limitless uses for future and current tenancy. Both GM and Peckham were heavily involved in the build-out and design of their facilities to make sure this location plays a key role in continuing their market control and increasing their profit margins.
“The portfolio offers 2 long standing service-based tenancies. General Motors is a top five vehicle manufacturer that has remained on a high growth trajectory said Foster. “Peckham, Inc. receives used and new personal equipment (uniforms, headgear, backpacks, etc.) for the US Army and ships to deploying soldiers to all bases in the US and internationally,” added Wilson.
These institutionally run facilities offer state-of-the-art features that are vital to their efficiency such as: 26’ - 30’ clear height, ESFR fire protection, ample dock doors, LED and T5 lighting, a minimum of 7” thick floors, fully automated warehousing, sorting equipment, critical utilities infrastructure, and specialized substructure to accommodate their handling machinery.
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