Troy Technology Park is leased to a diversified mix of credit tenants that provide investors with a stable income stream. Six (6) of eleven (11) tenants have an investment grade tenant rating, representing a total of 275,750 RSF or 64.9% of the Property. Some of the internationally recognized brands at Troy Technology Park include LG Chem (A-), Ally Financial (BB+), Magna Powertrain (A-), LG Electronics (BBB), Raytheon (A+), Quest Diagnostics (BBB+), and Schneider Electric (A-). In total, investment grade tenants at Troy Technology Park account for approximately 70.0% of gross in-place revenue promoting income stability for investors.
Jones Lang LaSalle Americas, Inc. (“JLL”), has been exclusively retained to offer the fee simple interest in Troy Technology Park (the “Property”), a five (5) building portfolio comprised of office, flex, and research and development (“R&D”) space. Situated just 15 miles north of downtown Detroit, the Property spans across 31 acres of land and is comprised of 425,192 rentable square feet (“RSF”). Currently 91.8% leased, the Property has a diverse tenant roster of which 64.9% is investment grade. Troy Technology Park offers investors the unique opportunity to benefit from near-term income stability and significant upside in one of the most preferred submarkets in the Detroit metropolitan area.