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Tue November 1, 2011
Old General Motors facility sold to industrial contractor
The Associated Press reports that an industrial contractor has bought a former General Motors facility in Pontiac with plans to use the 6-acre property for an expansion.
More from a Revitalizing Auto Communities Environmental Response (RACER) Trust press release:
An industrial contracting company has purchased the former GM ACG Penske facility on Oakland Avenue, with plans to expand its business at the six-acre property.
The RACER Trust sold the property, which includes a 32,000-square-foot building with multiple truck bays, to Lee Contracting, headquartered across the street from the ACG Penske facility, at 675 Oakland Ave.
Lee Contracting Founder and President Ed Lee said he plans to expand his more than 200-employee company, and the former ACG Penske property provides a perfect fit. “This was a great opportunity to build upon our business right here in Michigan,” he said. “Having this great site right across from our current facility provides us with a base to continue expanding the business.”
Lee Contracting is a single-source contractor specializing in complete turnkey solutions for industrial and manufacturing clients.
Terms of the sale were not disclosed.