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Grand Rapids-area industrial facility sells for $22 million in sale-leaseback

Investor acquires newly built Pure Aluminum plant in Saranac, Michigan
The 112,307-square-foot facility in Saranac, Michigan, was purpose-built in 2024 for aluminum recycling and manufacturing operations. (CoStar)
The 112,307-square-foot facility in Saranac, Michigan, was purpose-built in 2024 for aluminum recycling and manufacturing operations. (CoStar)
By Alex Collie with
CoStar Research
May 11, 2026 | 6:18 P.M.

A North Carolina investor paid $22 million for a newly built industrial building in Saranac, Michigan — about $192 per square foot.

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