12-4-2015 -- Pete Letherman, SIOR, CCIM, assisted Bennington Marine in leasing 45,062 SF of industrial space at 3501 Reedy Drive in Elkhart. Since 1997 Bennington Marine has been manufacturing pontoon boats in Elkhart.
Walter Piano Transport Expands
11-10-2015 -- KWH Properties LLC is the new owner of the 78,084 SF industrial building at 2135 Industrial Parkway in Elkhart. Brent Miller, SIOR, represented KWH Properties in the sale. The site is expected to be the new home of Walter Piano Transport, a national piano moving company based in Elkhart. Owners Kevin and Hope Walter started out in Kevin’s family business of manufacturing pianos. Kevin worked at Walter Piano Company in Elkhart for over 35 years. In 1984 Kevin and Hope started their own trucking company to safely transport pianos. Over the years they have expanded to professional relocation, shipping and storage of any brand of piano, organ or musical instrument. The new facility expands their storage, as well as piano restoration space, by more than 30,000 SF from their previous location on Decio Drive. The new building will also be home to Piano Market Plus, a retail store with a showroom featuring Yamaha pianos as well as other brands. In addition, the new building will offer additional room for teaching studios for music lessons. The seller of the building was Lux Property Corporation and was represented by Pete Letherman, SIOR, CCIM.
Pete Letherman Assists MTI in Expansion
11-2-2015 -- Manufacturing Technology Inc. (MTI) is growing in South Bend. Pete Letherman, SIOR, CCIM, assisted MTI in the purchase of the former Mohawk Flush Doors building at 402 N. Sheridan in South Bend. MTI plans to move its manufacturing services business from its existing buildings on West Washington Street and Sample Street to the newly purchased 117,700 SF industrial building on Sheridan. The company plans to keep its machine assembly business in the 65,000 SF building it has on Washington Street. The expansion is expected to create 14 full-time jobs. Founded in 1926, MTI has established itself as a leader in friction welding, including rotary friction and linear friction welding technologies for a variety of industries.
US 33 Land Sold by Letherman
10-26-2015 -- Pete Letherman, SIOR, CCIM, assisted Caden Real Estate with the purchase of 2.1 acres of land at 23513 US 33 in Elkhart. The new owner, who owns Concord Cars, plans to use the land to support his current operations. The land was on the market for 1,892 days before being sold. Ross Miller, SIOR, represented the seller, SAB Companies Inc., in the transaction.
Pete Letherman Sells Land to Furrion for Research Center
10-14-2015 -- Pete Letherman, SIOR, CCIM, assisted Furrion Limited in the purchase of a 6.82-acre parcel of land in the Elkhart East development near Exit 96 of the Indiana Toll Road. The land, on Independence Court, is just west of the RV/MH Hall of Fame & Northern Indiana Event Center and borders the Toll Road. Furrion intends to spend $4 million to build a new research center on the site and hopes to break ground this fall. The company, whose headquarters are in Hong Kong, delivers audiovisual, electrical and kitchen appliance products engineered to withstand extreme weather climates and the constant vibration of marine and specialty vehicles. The land was sold by Finis Terra Inc.