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Former Masco HQ Changes Hands

557,000-SF Office/Industrial Portfolio Sold in Taylor
January 18, 2018
Masco Corporation (NYSE: MAS), one of the world's largest manufacturers of brand-name products for the home improvement and new home construction markets, sold their former headquarters in Taylor, MI to Burton-Katzman Development and CORE Partners for an undisclosed price.

The portfolio included 21001 Van Born Rd., a 415,606-square-foot office building that delivered in 1966, and the 141,000-square-foot Class B industrial building that delivered in 2017 at 21111 Van Born Rd. The assets are situated on more than 18 acres and sport 800 parking spaces.

Ford Motor Co. employees will occupy the 566,606-square-foot assets for the next 10 years, and Masco recently relocated to a smaller facility in Livonia, according to CoStar information.

Both the buyer and seller were self-represented in the deal.

Please see CoStar COMPS #4090656 for more information on this transaction.
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