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February
23, 2004
MiBiz Network
By Rod Kackley
MUSKEGON - Re-Sources Industries has moved out of a leased
facility in Coopersville and into a Muskegon building it can call
its own.
Re-Source Industries - a production machine shop that specializes
in forming, and bending, drilling and tapping, and small stamping
- has acquired a 30,000-square-foot facility on Getty Street in
Muskegon.
Re-Source President Paul Kuyt told MiBiz that the new facility would
accommodate existing operations and provide space for additional
growth.
"The price was right and the city (of Muskegon) was very willing
to work with us," he said. "We called them as we were
first starting to look at making an offer and asked what they could
do to help us. We asked if they wanted our business to locate there
and they said loud and clear that they did. I have nothing but positive
comments about how the city helped make this happen."
Grubb & Ellis|Paramount, Comerica Bank, the Muskegon County
Department of Employment and Training, and Muskegon Area First -
the community’s economic development corporation - also played
important roles that helped secure the deal.
Muskegon Mayor Steve Warmington said the arrangement works for the
city too. "This project is an excellent example of people and
organizations working together to close a deal that had some challenges.
Re-Source Industries is a great addition to the city of Muskegon
and we are grateful to each of the parties that worked with us to
secure this project."
Muskegon Area First Executive Director Todd Battle told MiBiz that
this should not be seen as a story in which Muskegon is the winner
and Coopersville is the loser.
"This is really good for the region. Re-Source was outgrowing
a facility in Coopersville and they moved into a neighboring area
to continue their growth," said Battle.
It wasn’t just the deal that was cut that attracted Re-Source
to the former home of Burgess Norton Manufacturing. The building
that Re-Source moved into the first week of February is actually
part of a larger industrial complex. Kuyt said it was a perfect
fit for Re-Source.
"This really is tailor-made for us. It has all of the right
power and air distribution. Honestly, if you had given me a clean
sheet of paper I don’t think I could have done a better job
designing it from scratch."
Re-Source Industries currently employs 28 workers. Kuyt said they
could hire up to 12 new employees as a result of new business and
the larger facility.
It is certainly good news that Re-Source has moved into the old
Burgess Norton complex, but that story isn’t finished. There
is still plenty of industrial space left to either sell or lease
- close to 100,000 square feet of buildings.
Burgess Norton operated both a foundry and a machine shop. The foundry
is the older of the two structures that make up the complex. It
was a working foundry up until about six months ago. Re-Source bought
the building that was the machine shop.
"Obviously, the older building has a lot more environmental
issues and other problems," said Battle.
Grubb & Ellis|Paramount Commercial Real Estate Advisor Ty Hallock
told MiBiz that Burgess Norton has not made any firm plans for the
rest of the complex. "I am sure that they will try to push
that forward and make it part of a redevelopment, but at this point
they are going to sit back while they figure out what would be best
for the property."
COPYRIGHT 2004. MIBIZ NETWORK.
ALL RIGHTS RESERVED.
This article appeared in the February 23, 2004 issue of MiBiz, read
by upper management executives in West and Southwest Michigan. Print
subscriptions are free to qualified individuals who do business
in West and Southwest Michigan. For further information about MiBiz
Network, visit www.mibiz.com.
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