Franklin Partners is a commercial real estate investor with a strong presence in West Michigan, owning 6 million square feet of industrial and office properties throughout the region.
The Oak Brook, Illinois-based company recently announced, in a joint effort with Bixby Bridge Capital, the strategic acquisition of the former Trendway Corporation industrial facility in the 13000 block of Quincy Street on Holland’s north side.
The facility is just over 457,000 square feet and sits on 32 acres. Currently, the space is listed for lease and slated to be available for occupancy by the end of 2024, making it the largest available industrial space in the West Michigan market.
Fellowes Brands Inc. acquired Trendway in 2019 and began laying off employees in May of this year, with the last round of layoffs scheduled for this October, according to a WARN act filed with the state.
Franklin Partners currently owns over 800 acres of zoned industrial land in Grand Rapids, Kalamazoo, and Benton Harbor, and boasts a vacancy rate of less than 2%.
