SOUTHFIELD, MICHIGANApril 6, 2017 Signature Associates has negotiated the sale of 32.00 acres of hi-tech land located on Twelve Mile Road, Novi, Michigan.
/n
/nJoe Hamway and Peter Vanderkaay of Signature Associates represented both the seller, Madias Brothers Inc., and the purchaser, A123 Systems. A123 Systems, LLC develops and manufactures lithium ion phosphate batteries and energy storage systems that deliver high power, maximize usable energy, and provide long life, all with excellent safety performance. Founded in 2001, A123s proprietary Nanophosphate technology is built on novel nanoscale materials initially developed at the Massachusetts Institute of Technology. Today, A123 Systems is headquartered in Livonia, MI and employs more than 2,000 people worldwide.
/n
/nAbout Signature Associates
/n
/nSignature Associates (www.signatureassociates.com), with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, Holland, Kalamazoo, Michigan and Toledo, Ohio, is the regions leading commercial real estate firm. Signature provides a diverse selection of services, including brokerage, tenant representation, investment sales, property/asset management, advisory services, consulting and market research.
/n
/nIn 2016, Signature completed more than 1,260 transactions totaling 32.2 million square feet and 2,100 acres with a value of $1.1 billion. Additionally, the firm manages more than 8 million square feet of commercial space for its third-party clients, making us one of the largest locally owned property management firms in the market. Over the past 10 years, the firm has closed $9.1 billion in transactions solidifying their position as the commercial real estate leader in Michigan and Northwest Ohio.