3D printing company buys building for expansion
A maker of 3D printed parts for multiple industries has bought a building 10 times larger than its current facility for an expansion.
3DX Technologies, or 3DXTech — currently based in a 6,000-square-foot leased facility at 571 Gordon Industrial Court in Byron Center — has purchased the building at 904 36th St. SE in Grand Rapids for more than $2 million from an undisclosed local investor, according to Colliers International West Michigan yesterday.
The company plans to move into the 68,000-square-foot facility at the end of September. It formerly housed Steelcase’s employee sales team before Steelcase sold the building.
Matt Howlett, founder, owner and president of 3DX Technologies, said the business has seen continuous growth in the past four years.
“Thanks to our amazing customers and increased demand for high-quality, functional 3D printing materials, we have had the opportunity for exceptional growth year over year since starting in 2014,” Howlett said, noting the facility is large enough to allow 3DX to grow for “years to come.”
3DXTech plans to occupy 24,000 square feet of the new building in the near term, with plans to expand into the rest of it in coming years.
The company employs 15 people and plans to hire more as a result of the expansion.
Howlett said 3DXTech is renovating the building “extensively” to support expanded materials production and parts and assembly fabrication.
The sale was an off-market transaction.
Steve Marcusse, SVP at Colliers International West Michigan, represented 3DXTech in the transaction.
Trent Wieringa, associate vice president at Colliers International West Michigan, represented the unnamed seller.
Founded in 2014, 3DXTech produces high-performance 3D printing materials and printed parts for multiple industries, including aerospace, high-tech manufacturing, automotive, electronics and more.
It is a supplier to NASA, Boeing, Lockheed Martin, SpaceX, NIKE, Samsung and Apple.