Tool and die maker buys plant for expansion
A 4.83-acre industrial property in Kentwood has changed hands.
The property and its 37,570-square-foot plant at 4300-4350 40th St. SE have been sold from die-set maker and distributor Anchor Danly to 44th Street Development LLC for use by tool and die maker Datum Industries in Grand Rapids, which is part of the Huizenga Group, according to CBRE|Grand Rapids yesterday. The commercial real estate brokerage represented the seller Anchor Danly.
The property was sold on Jan. 30 from Danly IEM LLC to 44th Street Development LLC for $1,725,000, according to the City of Kentwood. The adjusted sales price is listed at $1,598,095. Danly received the property on Nov. 1, 2012 from grantor Anchor Lamina America with no sales price listed.
Terrence Connell, principal of Windsor, Ontario-based Anchor Danly, said the brokerage firm “did a great job” on the deal.
Connell added that Anchor Danly wanted to “maintain a relationship with the buyer,” and CBRE “helped solidify that relationship.”
Datum Industries moves in
Datum Industries has already begun renovating the building and is likely to move in within the next 45-60 days, said Robert Horn, VP and industrial advisor, CBRE|Grand Rapids.
Horn said Datum is expanding and bought the site partly because of the heavy overhead cranes.
Anchor Danly moved out
As for Anchor Danly, Horn said the company incorporated its operation at the facility into its operation in Ithaca, south of Mt. Pleasant, for “the economics of putting everything under one roof.”
Horn believes the consolidation occurred last fall.
“They moved out,” he said. “Some of the workers did go over there. Other ones found other positions here locally.”