An event production company is moving into a 115,000-square-foot warehouse in Taylor sold recently by the Rizzo family for $2.175 million.
Production Management One Inc. signed a 10-year lease for 70,000 square feet of space at 8555-8625 Inkster Road in the city's northwest corner a few miles from Detroit Metropolitan Airport.
The property was sold by the family of the former Rizzo Environmental Services CEO Chuck Rizzo, said Sheridan Burton, who brokered the deal for Colliers International. Rizzo was sentenced in April to more than five years in prison for bribery and fraud.
An entity called Shareeka Holdings LLC, which is tied to Birmingham-based attorney Randall Denha, purchased the property in a deal that closed June 15, according to the city of Taylor's assessor's office.
Washington, D.C.-based Production One Management was formed through a merger of Electrum Productions LLC and Elite Production Services LLC. It also operates in the Orlando, Fla., market.
The company bills itself as a full-service event production company that delivers design services, technical equipment and event management, according to its website.
A company spokesperson was unavailable for comment.
The company is expected to move into the warehouse in September, Burton said. The other 45,000 square feet of the building, which once belonged to a machining company but has been vacant for a few years, remains empty as Colliers continues to market it and locate a new tenant, he said.