Kansas City’s Flint Development is constructing more than 2.3 million square feet of speculative bulk warehouse distribution space in metro Detroit — at the Oakland Logistics Center in Pontiac and the Wixom Assembly Park in Wixom. Terms of the deals were not disclosed.
Both are Class A industrial developments and are former automotive manufacturing sites. They are expected to be completed and delivered in the fourth quarter of 2021. Located at 2100 S. Opdyke Road, the Oakland Logistics Center will offer 711,360 square feet of space, while the five-building complex at I-96 and Wixom Road will provide 1.6 million square feet.
“It is the goal of Flint Development to always create and maintain a positive impact with the projects on which we work,” says Devin Schuster, principal at Flint. “We believe Pontiac and Wixom are prime locations for development and, with unanimous approval for both project plans, we look forward to getting started.”
The Oakland Logistics Center’s building will feature four drive-in doors, 156 trailer spaces, and 36-foot clear height ceilings. The Wixom Assembly Park buildings feature multiple docks and car and trailer parking. Building sizes will range from 100,000-700,000 square feet, accommodating tenants seeking spaces of 20,000 square feet and larger.
Mark Long, president and CEO of Newmark Zimmer, also based in Kansas City, and Dan Labes, executive managing director of Newmark in New York City, represented Flint Development in the land acquisitions. Labes will represent the property leasing.
According to Newmark Research, bulk warehouse remains the leading product type in metro Detroit, with nearly 80 percent of the 5 million square feet of industrial space under construction as speculative bulk warehouse development.
Newmark Group and its subsidiaries is a commercial real estate services company. Together with London-based partner Knight Frank and independently owned offices, its 18,800 professionals operate from about 500 offices around the world.