Colliers announces the investment sale of the Archrock industrial building located at 1850 Engel Drive in Gaylord, Michigan. The buyer, White Pine Industrial, was represented by Steve Poole of Colliers. Todd Moore and Barkley Peschel of Colliers represented the seller, CG EE Gaylord MI, in the transaction.
The 12,300 square foot single tenant industrial building is currently leased by Archrock. The property is situated on 2.84 acres and features 2,300 square feet of office space with 10,000 square feet of attached warehouse space. The freestanding building was built in 1999 and is accessible by two main driveways that front Angel Avenue with easy access to Interstate 75.
“Gaylord is a small market in Northern Michigan, and we were able to secure multiple offers and ultimately select a very strong buyer for our client,” said Todd Moore, Principal of Colliers. “This transaction was truly a testament to the depth of the Colliers team and platform. Steve Poole’s team in Michigan was able to leverage their relationships to bring the right buyer to the transaction.”
Archrock is a U.S. based energy infrastructure company with a pure-play focus on midstream natural gas compression. Specializing in superior natural gas compression services with unmatched technical expertise, they provide consistent, reliable compression and affiliated services to oil and gas production companies and midstream applications across the U.S.
About Colliers International Group Inc.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
