SeedAmerica Acquires Owosso, MI Building
SeedAmerica closes on former A.O. Electrical Products building in Owosso, MI through the 561 Exchange.
Alpharetta, GA, March 29, 2008 --(PR.com)-- SeedAmerica Founder and CEO Joseph Johnson today announced that it has closed its acquisition of a property in Owosso, MI. With this acquisition, SeedAmerica will actively seek entrepreneurs to lease the space, in a community revitalization effort.
"We are excited to have closed the acquisition of this property,” said Johnson “The location of this building is just one hour from Detroit, making it a prime location for new businesses.”
The 196,000 square foot manufacturing building built in 1950, is located at 200 Universal Dr. in Owosso. The building was the former site of A.O. Smith Electrical Products, a leader in the electric motor industry.
ConAgra Foods, FMC Technologies, Essex Electric, the Pritzker family (owner of the Hyatt Hotels) AAF McQuay, GEM, Murray Corporation, Seneca Foods and Quebecor World are just some of the companies who have completed property transfers using the 561 Exchange through SeedAmerica.
About SeedAmerica
SeedAmerica is a national real estate endowment fund, focused on acquiring and managing commercial real estate assets. SeedAmerica is a nonprofit, 501(c)3, organization with millions of square feet of commercial real estate space that has helped revitalize communities, and assist entrepreneurs move into affordable real estate. For more information on SeedAmerica, visit their website at www.seedamerica.com.
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"We are excited to have closed the acquisition of this property,” said Johnson “The location of this building is just one hour from Detroit, making it a prime location for new businesses.”
The 196,000 square foot manufacturing building built in 1950, is located at 200 Universal Dr. in Owosso. The building was the former site of A.O. Smith Electrical Products, a leader in the electric motor industry.
ConAgra Foods, FMC Technologies, Essex Electric, the Pritzker family (owner of the Hyatt Hotels) AAF McQuay, GEM, Murray Corporation, Seneca Foods and Quebecor World are just some of the companies who have completed property transfers using the 561 Exchange through SeedAmerica.
About SeedAmerica
SeedAmerica is a national real estate endowment fund, focused on acquiring and managing commercial real estate assets. SeedAmerica is a nonprofit, 501(c)3, organization with millions of square feet of commercial real estate space that has helped revitalize communities, and assist entrepreneurs move into affordable real estate. For more information on SeedAmerica, visit their website at www.seedamerica.com.
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Contact
SeedAmerica
Karen Buckley Washington
678-762-1737
www.seedamerica.com
Karen Buckley Washington
678-762-1737
www.seedamerica.com
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