Cowan Road Holdings Sells Westland, Mich., Facility

Newmark Grubb Knight Frank announced that Larry Emmons and Tony Avendt, senior managing directors in the company’s Detroit office, represented Cowan Road Holdings LLC in the sale of the former Sam’s Club Warehouse in Westland, Michigan. Brimhall Properties LLC paid $1 million for the 105,821-square-foot warehouse building located at 35400 Central City Parkway.

The property, which has been unoccupied since 2008, will undergo future improvements to serve as a modern warehouse/distribution facility. It currently features 22’-23’ ceilings, 60’ wide bays, seven truckwells and is fully air-conditioned.

The buyer was represented by Promanas Group.

About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.

Newmark Grubb Knight Frank, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.