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Logistics Firm Expands by 347K SF in Detroit Area
Savills represented Renaissance Global Logistics (RGL) in one of the largest industrial transactions of the year in the metro Detroit area. RGL will renew its lease and expand its footprint by 43% at Northline Industrial Center, located at 38481 W. Huron River Dr. in Romulus, MI. The new lease adds 347,383 square feet, bringing RGL’s total presence to 803,473 square feet.
“RGL is expanding rapidly and needed to increase its footprint to accommodate the surging demand for third-party logistics from its growing client base that includes Fortune 100 companies including General Motors,” said Savills executive managing director Greg Bockart, who represented RGL in lease negotiations.
In addition to negotiating the renewal and expansion, Savills confirmed a tenant improvement allowance for RGL to improve the site and building, including additional office space. The tenant is a supply chain and logistics solution provider specializing in warehousing.
- ◦Lease