Office V Michigan

CORE Partners, Burton-Katzman make major office acquisition in Michigan

An investment group including principals of CORE Partners and Burton-Katzman LLC has acquired the nearly 560,00-square-foot former Masco Corp. business campus in Taylor, Michigan. The campus is leased to Ford Motor Co. with a 10-year lease.

CORE-BKG acquired 21001 and 21111 Van Born Road. The site includes a 415,606-square-foot Class-A office building and a 141,000-square-foot technical building and warehouse. The purchase price was not disclosed. Masco, a home- and building-products manufacturer, recently relocated to a smaller facility in Livonia, Michigan.

The former Masco campus was built in phases starting in 1966 and expanded into the early 1990s. The campus includes an auditorium, wellness center, full-service cafe and fitness center.