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New large industrial building to replace Stacy's Golf Center in Warren

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Stacy's Golf Center in Warren closed earlier this year to make way for a large new industrial or warehouse/distribution building.

The property that housed the driving range and golf retailer, which had been open for more than 60 years at 24400 Dequindre Road, sold in August for $3.54 million to an entity called Warren SG USICIV LLC, which is registered in Texas at the Dallas address for developer Hillwood Enterprises LP. It is 19.38 acres, according to land records, making the purchase price about $182,507 per acre.

Marketing materials for the new Warren Commerce Center say the building, jointly developed by Ross Perot Jr.'s Hillwood and Detroit-based The Sterling Group, run by Gary Torgow's adult children, will be a roughly 296,000-square-foot building with a small, 2,000-square-foot office component.

It is anticipated to have 32-foot ceilings, 74 trailer parking spots and 280 car spaces, with a possible expansion to 396, the materials say.

Hillwood and Sterling Group are also working together on the redevelopment of the Pinnacle Race Course site in Wayne County's Huron Township and on the Shelby Township distribution center for Amazon.com Inc. on the site of a former Visteon Corp. auto parts plant.

Peter E. Kepic, principal in the Southfield office of brokerage firm Colliers International Inc., said Tuesday that the building should be complete by the summer. Colliers is responsible for securing a tenant or tenants. Contractors were not known.

A spokeswoman for Hillwood declined comment.

Emails sent to two addresses on the Stacy's website seeking comment were not returned.

The website says Joe Stacy leased the property in 1954 and built a 450-square-foot building on it, opening as the Town & Country Driving Range on Easter Sunday 1955. The name was changed to Stacy's Golf Center in 1979 after the opening of a 3,200-square-foot building for golf equipment sales.

"We have enjoyed 65 years of serving your golfing needs," Joe Stacy's daughters, Linda and Mary, wrote on the company's website. "We will forever be grateful for your patronage and support. We will truly miss the smiles, conversations and friendships. We feel blessed and are thankful that you have been a part of our lives. We look forward to seeing you on the golf course instead of from behind a counter!"

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Peter E Kepic

Principal

Detroit

Peter E. Kepic, Principal, rejoined the company in July, 1993 through the company's merger with Hanzl, Kepic & Van Lokeren, Inc.  Pete began his industrial career in 1972 when he joined the Byron W. Trerice Company.  In 1980, Pete joined Bob Hanzl and Mike Van Lokeren to create Hanzl, Kepic & Van Lokeren, Inc., which became one of the strongest and most prestigious industrial real estate companies in metropolitan Detroit.  Now, as a Principal in Colliers International, Pete continues to practice industrial, office, and investment brokerage with some of the most influential companies in the region.  Pete's clients include:  Berkadia Commercial; Encore Automation; Empire Wire & Supply; FCS Automotive; First Industrial Realty; Frankel Associates; Gibbs Technologies; Magnum Building Company; Motoman Inc.; Precision Global Systems; Singer Investments; Suburban Collection; The Private Bank; ThyssenKrupp Materials NA Inc.; and Timlin Properties.

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Peter J Kepic

Senior Vice President

Detroit

Peter joined Colliers International in August 2001 to focus on the selling and leasing of light industrial and high tech properties in metropolitan Detroit's north suburban markets.  Peter currently represents several landlords and tenants in the north I-75 suburban corridor.  Peter was previously with ProLogis Trust in Denver, Colorado, where he worked as an Investment Analyst.  His responsibilities at ProLogis included due diligence and underwriting for acquisitions and sales of industrial properties.  Peter's clients include: Berkadia Commercial; Encore Automation; Empire Wire & Supply; FCS Automotive; First Industrial Realty Trust; Frankle Associates; Gibbs Technologies; Magnum Building Company; Motoman Inc.; Precision Global Systems; Rizzo Services; Singer Investments; Suburban Collection; The Private Bank; ThyyssenKrupp Materials NA, Inc.; and Timlin Properties;

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