December 6, 2016
By Dillon Davis, Battle Creek Enquirer
The historic Commerce Pointe office complex in downtown Battle Creek is under new ownership. The former United States Post Office building at 77 E. Michigan Ave. has been sold from Waterland Battle Creek Properties to Ryan Leestma of Grand Rapids-based Leestma Management. A Muskegon resident, Leestma, 37, is the founder and owner of a Grand Rapids tech contractor ISI, which specializes in data, communications and staffing solutions.
Terms of the deal were not immediately disclosed.
Commerce Pointe has been the home of the Battle Creek Enquirer since 2011. It also houses offices for Generations Financial Planning and Wealth Management, Integrated Health Partners, Farm Bureau Insurance, DMA Claims Services and Otis Elevator.
Leestma said another Grand Rapids-based company, NAI Wisinski of West Michigan, now will manage the property’s day-to-day and leasing operations.
December 5, 2016
A professional soccer franchise, a new downtown hotel and a convention center expansion are among a list of proposed projects that could be undertaken in Grand Rapids over the next several years. Grand Rapids-based Grand Action, a business-based nonprofit, which is responsible for Van Andel Arena, DeVos Place, Civic Theatre, Michigan State University College of Human Medicine and Downtown Market, is evaluating a list of major projects that come out of its Grand Rapids Destination Asset Study.
Grand Action commissioned the study to help “chart a course” that will elevate Grand Rapids as a “top-tier visitor destination” in the coming years.
Based on current occupancy data, the study suggests future expansion of DeVos Place Convention Center will be essential to Grand Rapids, as will a hotel with up to 500 rooms to support the expanded convention center.
“As occupancy increases, a future DVP expansion should target an increase of 50 percent additional sellable event space,” the report says.
That equates to about 115,700 additional square feet of space, requiring 2.5 to 4 acres. The U.S. Post Office location at the corner of Michigan Street and Monroe Avenue is being suggested as a possible location, as well as the Calder Plaza area.
November 28, 2016
NAI Wisinski of West Michigan recently helped a nail salon find a new home in western Michigan.
Nails by Katie will be moving into a larger 1,100 square-foot space at 381 Baldwin St. in Jenison, Michigan.
Bill Tyson of NAI Wisinski represented the landlord, ASJ Property Management LLP. Robert Lotzar of CBRE represented the tenant, Vinh Nailcare by Katie.
The space is being renovated with an anticipated opening date in January of next year.
November 9, 2016
By Pat Evans
A 40-story highrise project downtown has been approved by the city.
The building proposed by Portage-based Hinman for 10 Ionia Ave. NW was approved last week 5-2 by the Grand Rapids Historic Preservation Commission after several months of adjustments. The site is currently a parking lot along Fulton Street W and sits within the city’s Historic District.
The project was first discussed at the July 6 historic preservation commission meeting, where the conceptual footprint and height were approved, but more information was requested on the project’s design and materials.
At the Sept. 8 Grand Rapids Planning Commission meeting, commissioners unanimously approved an overhead walkway spanning Louis Street NW to an existing parking structure at 30 Ionia Ave. NW. The rest of the project will not be heard by the planning commission.
At its Nov. 2 meeting, the historic preservation commission approved the project’s design and materials.
Early plans indicate the project will include hotel and residential uses.
Hinman COO Rick McDonald told the planning commission the building will have ground-floor retail, 125 hotel rooms and 255 apartment units.
McDonald also said the parking structure at 30 Ionia Ave. NW will be expanded.
November 10, 2016
The groundbreaking ceremony took place on Thursday, Nov. 3
GRAND RAPIDS, MICH- The Woda Group has broken ground on Grand View Place, a 68-unit apartment building in Grand Rapids. The groundbreaking ceremony took place on Thursday, Nov. 3. Grand View Place will be the first major residential development in the existing commercial and industrial sector of the Grand River between the 6th Street Bridge and Leonard Avenue. The primary source of funding for the project was tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. Stan Wisinski of NAI Wisinski of West Michigan represented The Woda Group in the purchase of land at the former Ryder Truck terminal at 936 Front St.
Our first annual Chili Cook-Off was on Friday, October 28th! We raised a total of $1,775.00 to benefit Servants Center. Servants Center is a local organization that helps the homeless get off and stay off the streets. There were raffle prizes and lots of Chili for individuals within the building to try and vote for their favorite! Thank you to our sponsors and those who participated for making this event possible!
For information Servants Center please visit www.scgr.org
November 2, 2016
A national staffing agency has opened an office in town.
Fresno, California-based PrideStaff opened last week a 1,300-square-foot location in Grand Rapids, at 2700 Kraft Ave. SE. It is the first Michigan location for the company, which has 74 offices.
PrideStaff Grand Rapids, led by franchisee Matt Blok and staffed by two other employees, will offer temporary and temporary-to-hire services for light manufacturing jobs, as well as office, administrative and accounting roles.
Blok said he decided to start a PrideStaff location in Grand Rapids area after researching franchise options.
“It’s a great company…that really fit my personal values,” he said. “That was first and foremost, but I also really liked the proven business model and having the ability to be locally owned and still leverage that national presence was really appealing.”
PrideStaff leases its space in a plaza with anchor tenants Goodwill and Biggby Coffee, from Pinnacle, with NAI Wisinski of West Michigan as the broker. Chase corporate financed the deal.
October 24, 2016
By Pat Evans
A West Michigan mall has been purchased by an Ohio-based investor.
The 95,000-square-foot Sattler Square Shopping Center, 710 Perry Ave., Big Rapids, has been purchased by an unnamed Cincinnati-based investor. The center is less than a mile from Ferris State University.
The seller and sale price also were not disclosed. Sattler Square was listed on the NAI Wisinski of West Michigan website for $5.1 million.
“The buyer was drawn to this stabilized shopping center because the capitalization rate was more attractive than what can be found in larger markets,” said Cameron Timmer, and NAI Wisinski investment associate who represented both sides of the deal.
The shopping center, built in 1989, is 96 percent occupied and anchored by Tractor Supply and Big Lots. Other tenants at Sattler Square included Maurice’s, GNC, Rue 21, and H&R Block.
NAI Wisinski investment associate Russ Bono, who represented the seller and buyer with Timmer, said the firm saw interest in the property for multiple parties.
Timmer said the buyer plans minor improvements to the site, but liked the stability of the property.
October 19, 2016
By Pat Evans
A local homebuilder has a new headquarters.
Redstone Homes has purchased a 4,800 square-foot office building in Grand Rapids, at 3330 Grand Ridge Dr. NE, according to NAI Wisinski of West Michigan yesterday.
Terms of the transaction were not disclosed.
Redstone Homes has built more than 1,600 homes and condominiums in Kent, Ottawa, Kalamazoo and Calhoun counties since it was founded in 1997.
The new office allows Redstone to bring its sales and operations offices together.
The move was completed last month, and the company plans to grow with new hires, Redstone Homes President Gary Hensch said.
“The move stems from Redstone Homes’ unprecedented growth in the past two years, and it enables us to maintain closer contact with our customers, trade partners and business associates,” Hensch said.
NAI Wisinski of West Michigan broker Jeremy Veenstra represented Redstone Homes in the deal, while NAI brokers Mary Anne Wisinski-Rosely and Joshua Jacobs represented the unnamed seller.