JLL Capital Markets announced today the $125 million recapitalization of Gateway Industrial Center, a 69-acre, 1.4-million-square-feet industrial campus located in Metro Detroit.
JLL represented Innovo Development Group in arranging $10 million of JV equity utilizing the Realty Mogul platform to recapitalize the venture. The equity raise follows an $80 million financing package JLL also arranged in June 2021 on behalf of the sponsor.
JLL represented Kalamazoo’s Innovo Development Group in arranging $10 million of joint venture equity utilizing the Realty Mogul platform to recapitalize the venture. The equity raise follows an $80 million financing package JLL also arranged in June 2021 on behalf of the sponsor.
Cut & Run will function as a traditional public coffee shop and lounge, but will also have work areas for those who want to stay longer. The space offers eight different environments to give “customers opportunities to select everything from community spaces to semi-private booths to private conference rooms for meetings and remote work,” according to a company release.
March 17, 2023 (Detroit, Michigan)— Innovo has been recognized as one of the 2023 awardees for the Michigan 50 Companies to Watch Award, presented by Michigan Celebrates Small Business. Innovo will be acknowledged on stage at the in-person awards ceremony during the 19th annual Michigan Celebrates Small Business Gala on May 2, 2023.
Success is best when shared, and the event will gather over 800 guests at the Breslin Center in East Lansing, Michigan to celebrate the achievements of this year’s award recipients.
The 421,000 SF addition to the Gateway Industrial Center is fully enclosed! You’ll see storefront glass on the northeast corner as the final touches are now underway.
Conveniently located at the intersection of I-96 & Southfield Fwy. in the city of Detroit, the new building at Gateway will feature 62 truck docks and 36′ ceilings. With heavy power suitable for EV battery requirements and over 100 trailer parking spaces, Gateway is designed to accommodate both manufacturing and distribution tenants.
Development group Innovo is seeking a tax break from the City of Traverse City in exchange for offering workforce housing in the Breakwater apartment building on Garland Street – one of the first projects to come forward under new state rules that give communities greater leeway to approve payment-in-lieu-of-taxes (PILOT) agreements.
GRAND TRAVERSE COUNTY, Mich., (WPBN/WGTU) — Odds are you’re well aware of the high costs of rent or buying a home in northern Michigan.
What you may not know is how to address those situations quickly. Turns out, no one really does.
Construction at the Gateway Industrial Center in Detroit is nearing completion with over 50% of the additional 421,000 SF now under roof. The new space is on track to be completed in early 2023.
Conveniently located at the intersection of I-96 & Southfield Fwy. in the city of Detroit, the new building at Gateway will feature 62 truck docks and 36′ ceilings. With heavy power suitable for EV battery requirements and over 100 trailer parking spaces, Gateway is designed to accommodate both manufacturing and distribution tenants.
Brian Mullally and Trae Allman sit down with Vic McCarty on WTCM radio in Traverse City to chat about Innovo’s Hall St. development and TC’s local vote on that building. Learn how the city’s tax policies are driving up costs for both property owners and renters.
Years into a project, northern Michigan developers got a victory in court this month on a project that’s been the center of debate and controversy due to its height. But voters in Traverse City wondered: Did their win in court make the election results in a couple of weeks irrelevant?