A developer is buying almost 260 acres of land in Lansing, Lansing Township, and Delta Township that was formerly owned by General Motors.
NorthPoint Development says it will turn the sites that used to house GM plants into warehouses as well as places for manufacturing and distribution, and that most of those companies will be tied to the auto industry.
The property is currently owned by the RACER Trust, which was set up before GM went into bankruptcy to handle the properties. The Kansas City-based developer is buying all of the Lansing area properties, which are currently called Lansing Plants 2, 3, 5, and 6. Plant 6 is in Lansing. Plants 2 and 3 are in Lansing Township. Plant 5 is in Delta Township.
According to a press release from the trust that owns the property, NorthPoint has developed more than 28 million square feet of industrial property in 8 states. That includes similar former plant sites in Kansas City, Kansas and in Lordstown, Ohio.
“NorthPoint Development has rapidly emerged as a national leader in the construction of facilities that play an important role in the making and moving of critical supply chain components,” said Elliott Laws, the administrative trustee of RACER Trust, in a press release. “NorthPoint projects have resulted in hundreds of jobs and created new economic vitality and opportunities for a growing number of communities. We’re excited by the vision NorthPoint has for our Lansing-area properties, and to know that the redevelopment of these properties will be in such capable hands.”
“We’ve long recognized the potential of these properties for redevelopment and reuse and we look forward to working with community partners and industrial users who can benefit from the strong infrastructure, logistics advantages and strong workforce the area has to offer,” said NorthPoint president Chad Meyer in the same release.
The sale and potential development mean there could be more jobs coming to the Lansing area, something local leaders were quick to celebrate.
“The redevelopment of these properties is great news for the Metro Lansing area, and demonstrates the market’s confidence in our strong, diverse workforce and overall economy,” Lansing Mayor Virg Bernero said in the press release. “I look forward to welcoming NorthPoint Development to our community, and to the opportunities NorthPoint will provide to our workers and growing businesses.”