Flint Development in Kansas City has acquired the Oakland Logistics Center in Pontiac (picture) and the Wixom Assembly Park. // Render with permission from Newmark
Flint Development in Kansas City is building more than 2.3 million square meters of speculative warehouse space in Metro Detroit – in the Oakland Logistics Center in Pontiac and in the Wixom Assembly Park in Wixom. The terms of the contract were not disclosed.
Both are class A industrial developments and former automobile manufacturing facilities. They are expected to be completed and delivered in the fourth quarter of 2021. The Oakland Logistics Center is located at 2100 S. Opdyke Road and has 711,360 square feet of space, while the five building complex on I-96 and Wixom Road has 1.6 million square feet.
“It is Flint Development’s goal to have and sustain a positive impact on the projects we work on,” said Devin Schuster, Principal at Flint. “We believe Pontiac and Wixom are the best development locations and look forward to getting started as both project plans were unanimously approved.”
The Oakland Logistics Center building will have four entrance doors, 156 trailer parking spaces, and 36-foot ceilings. The Wixom Assembly Park buildings have multiple docks and parking spaces for cars and trailers. Building sizes range from 100,000 to 700,000 square feet and can accommodate tenants looking for space of 20,000 square feet and more.
Mark Long, President and CEO of Newmark Zimmer, also based in Kansas City, and Dan Labes, General Manager of Newmark in New York City, represented Flint Development on the land acquisitions. Labes represent the leasing of real estate.
According to Newmark Research, the bulk warehouse continues to be the leading product type in Metro Detroit. Almost 80 percent of the 5 million square meters of industrial space under construction are speculative bulk warehouse developments.
The Newmark Group and its subsidiaries are a commercial real estate services company. Together with the London-based partner Knight Frank and independent offices, the 18,800 employees work in around 500 offices worldwide.