The real estate investment platform RealtyMogul launched an offering for an industrial center in Detroit.
The Gateway Industrial Center is a value-adding equity investment in a manufacturing, assembly and logistics facility. Project sponsor Innovo Development Group purchased the property in January 2020 for $94.5 million with less than 50% occupancy. Innovo is in the process of constructing an addition to the northwest corner of the complex, adding 421,000 square feet to the facility.
The supply-and-demand imbalance for manufacturing buildings at this scale ...
Full story available on Benzinga.com
Continue reading...
The Gateway Industrial Center is a value-adding equity investment in a manufacturing, assembly and logistics facility. Project sponsor Innovo Development Group purchased the property in January 2020 for $94.5 million with less than 50% occupancy. Innovo is in the process of constructing an addition to the northwest corner of the complex, adding 421,000 square feet to the facility.
The supply-and-demand imbalance for manufacturing buildings at this scale ...
Full story available on Benzinga.com
Continue reading...