Real Estate Equity Industrial
4444 52nd Street
Kentwood, Michigan Syndication Active
Value-Add Real Estate Redevelopment
Real Estate Equity Industrial
60th Street Warehouse Kentwood, Michigan
- Location
- 4175 60th Street SE, Kentwood, MI 49512
- Asset type
- Industrial
- Transaction
- Development
- Category
- Real Estate Equity
- Structure
- Syndication
- Status
- Active
- Size
- 600,000 sq ft
- Tenants
- Proper Beverage Co., Trane
Project overview
Project overview: 60th Street Warehouse
600,000-square-foot industrial building in Kentwood, Michigan, completed in 2025 and fully leased to Proper Beverage Co. and Trane.
The 60th Street Warehouse is a 600,000-square-foot industrial building at 4175 60th Street SE in Kentwood, Michigan, at the corner of 60th Street SE and East Paris Avenue SE. Carbon River Capital's investment is structured as a syndication.
The asset
The building was designed for logistics, manufacturing, and distribution users. It sits in Kentwood's industrial corridor.
Tenants
Proper Beverage Co., a beverage producer based in Hudsonville, uses its space for production and distribution. Trane uses its space for its regional operations.
Incentives
The project carries an Industrial Development District designation and an abatement under Michigan's Plant Rehabilitation and Industrial Development Districts Act (PA 198).
The Opportunity
A site at the corner of 60th Street SE and East Paris Avenue SE in Kentwood's industrial corridor, a short drive from US-131, I-96, and Gerald R. Ford International Airport. The site had the zoning, utility capacity, and highway access that a single building of this size requires.
Carbon River's Approach
Third Coast Development, the development firm led by Carbon River's principals, handled site selection and acquisition, entitlements, design coordination, construction management, tenant negotiations, and the capital structure. Pioneer Construction was the general contractor. Leases with Proper Beverage Co. and Trane were signed before the building was delivered.
Current Status / Outcome
The building was completed in 2025 and is fully leased on long-term leases. Proper Beverage Co. occupies roughly 300,000 square feet and Trane the other 300,000. Ownership was retained after completion.
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We welcome inquiries from property owners, business owners, brokers, lenders, investment professionals and others interested in learning more about Carbon River Capital.
Whether you are considering the sale of a property, exploring a sale-leaseback or recapitalization, or presenting an investment opportunity, contact our team.