Lakeshore and Real Estate

Morrison Industrial buys lakeshore building

August 12, 2013
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Morrison Industrial buys lakeshore building
A portion of the 13,778-square-foot industrial building at 2210 Robert St. in Muskegon. Courtesy Signature Associates

Morrison Industrial Group recently bought a 13,778-square-foot industrial building at the lakeshore.

The building is located at 2210 Robert St. in Muskegon, not far from the intersection of Sherman and Laketon and US-31.

The structure was constructed in 1964 and sits on 1.57 acres. The building has 14-foot ceilings and 1,500 square feet of office space.

The asking price for the building was $175,000, or $12.70 per square foot, by seller Coastal Real Estate Holdings of Holland.

Morrison Industrial Group will “renovate the facility for use by one of their companies,” said Bryan Bench, a principal with Signature Associates, who brokered the sale.

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Morrison Industrial

A.J. Morrison heads Morrison Industrial Group, which is affiliated with Morrison Industrial Equipment Co. A.J. Morrison is a vice president of that firm.

Morrison Industrial Equipment has its headquarters in Grand Rapids, about 400 employees and 10 other locations in Michigan and two in Indiana.

Morrison Industrial Equipment sells, leases and services a complete line of Caterpillar and Mitsubishi lift trucks, Advance and Factory Cat floor-cleaning equipment, along with plant vehicles, tuggers and stock pickers from Taylor-Dunn, Cushman and others. The company celebrated its 60th anniversary this spring.

At the lakeshore

Bench also represented Coastal Real Estate Holdings when it sold an 1,824-square-foot office condominium at the lakeshore to MBD, a firm based in Wisconsin.

The building is located at 17 S. Second St. in Grand Haven.

In Spring Lake, Bench brokered a lease deal for 6,000 square feet of industrial space.

Ground Control Property Management leased the site at 18688 174th Ave. from D-4 Properties LLC of North Muskegon.

The sale and lease prices were not disclosed.

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