Newmark Grubb Knight Frank (NGKF) is pleased to announce that Senior Managing Directors Mike Davidson, Chris Dowell and Dan Labes have completed a 154,377-square-foot lease to Anji Logistics USA, Inc. at 13301 Stephens Road in Warren, Michigan on behalf of the owner, Schostak Brothers & Company, Inc. Occupying 100 percent of the property, Anji Logistics signed the long-term lease to serve as its first location in the U.S. and to serve as the firm’s North American headquarters.
“We are pleased to have represented ownership in this significant lease transaction in Macomb County, bringing the building’s occupancy to 100 percent,” said Davidson. “Ownership purchased 13301 Stephens Road as an investment with the goal of finding a long-term, quality tenant to lease the entire building.” NGKF provided a short-term solution, leasing 75,000 square feet of the property in July 2016 to a smaller local warehouser with the option to terminate the lease if a tenant was found to lease the entire building. “We are thrilled to have used our resources and creativity to accomplish the ultimate goal for our client,” added Davidson.
13301 Stephens Road is a 154,377-square-foot industrial warehouse and distribution facility located in Warren, Michigan, minutes from I-696 and I-94. The property features 12,000 square feet of office space, 20 docks and 23’ clearance.
Anji Logistics’ sister company, Anji-CEVA Automotive Logistics Company, is the largest third-party logistics provider in China and provides supply chain services for the automotive industry. It offers FV logistics integrative, inbound logistics, transportation management system and warehouse management system solutions. The firm will take occupancy of its North American headquarters in February 2017.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.