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Chicago & Midwest  + Midwest  + Industrial  |  September 25, 2019
Paul Bubny
By: Paul Bubny

Global Logistics Firm Inks Detroit-Area Lease with AEW

CBRE recently represented both the tenant and ownership in a 136,500-square-foot industrial lease at 10725 Harrison Rd. in Romulus, MI, within the Detroit metro area. The brokerage’s Peter Rogers represented the tenant, Crane Worldwide Logistics, while colleague Randall Allman represented owner AEW Capital Management.

Crane Worldwide Logistics is an international logistics firm with 120 locations in 30 countries. Previously, Crane was a sublessee at the property, and opted to enter into a long-term, direct lease.

“This is an excellent location for the Crane’s Detroit-area operations and they decided to make a long-term commitment,” said Rogers. “With direct access to the airport and the surrounding Detroit area, Crane will be able to realize maximum efficiency for its distribution operations.

“Space is incredibly tight in Detroit right now and if good locations can be obtained, tenants are taking the opportunity,” he added.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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