4444 52nd St SE

COMPLETED: 2022

SIZE: APPROX. 122,000 SQFT ON 22 ACRES

TYPE: REDEVELOPMENT

THE PROPERTY ENCOMPASSES APPROXIMATELY 122,000 SQUARE FEET ON A 22-ACRE SITE. ACQUIRED IN LATE 2021 FOR $5.25 MILLION, THE BUILDING UNDERWENT A $2.7 MILLION RENOVATION TO REPOSITION IT AS INDUSTRIAL SPACE, SUPPORTING A LONG-TERM LEASE AGREEMENT WITH SNACKCRAFT LLC. CURRENTLY, SNACKCRAFT OPERATES TWO PRODUCTION LINES AT THIS LOCATION, DISTRIBUTING PRODUCTS ACROSS NORTH AMERICA. THE COMPANY PLANS TO ADD TWO ADDITIONAL PRODUCTION LINES WITHIN THE EXISTING SPACE THIS YEAR. FURTHERMORE, PENDING AGREEMENTS ARE ANTICIPATED TO DRIVE THE ADDITION OF 5–6 MORE PRODUCTION LINES BY 2025.

TO SUPPORT THIS EXPANSION, SNACKCRAFT REQUIRES AN ADDITIONAL 185,000 SQUARE FEET OF PRODUCTION SPACE ON THE CURRENT SITE. WHILE THIS EXPANSION WAS CONSIDERED DURING THE INITIAL LEASE AGREEMENT, INCREASED DEMAND FOR SNACKCRAFT’S PRODUCTS HAS ACCELERATED THE TIMELINE, NECESSITATING IMMEDIATE DEVELOPMENT TO MEET PRODUCTION GOALS BY 2025.

LOCATION: 4444 52ND ST SE KENTWOOD, MI 49512