Pete Letherman

Spangle Fasteners Buys Goshen Building

5-16-2019 — Spangle Fasteners purchased the 9,750 SF industrial building at 1838 Hemlock Court in #Goshen from Riverside Investors II LLC. The company planned to move from its location at 815 Eisenhower Drive in Goshen to the new Hemlock location. Monroe-Spangle Fasteners is a full line industrial and construction supplier that specializes in MRO/OEM fasteners. Founded in Fort Wayne in 1974, Spangle Fasteners specialized in the local foundry market. In 2018 Spangle Fasteners merged with Monroe Engineering Products. Pete Letherman, SIOR, CCIM, and Brent Miller, SIOR, represented the seller in the sale.

Beltone Leases Retail Suite

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1-15-2019 — Beltone is a new tenant in the building at 426 E. Bristol Street, Elkhart. Beltone leased up 1,530 SF of retail suite from ALC Holdings LLC. Founded in 1940, Beltone is a hearing aid company headquartered in Illinois. In North America, Beltone has over 1,500 independently owned hearing care centers. Pete Letherman, SIOR, CCIM, represented the landlord in the lease negotiations. Beltone is located next to Mattress Warehouse and ABK Vacuum.

Bobcat of Michiana To Open In Niles

10-23-2018 — Hull Lift Truck Inc. is the new owner of 1.9 acres at 2622 S. 11th Street in Niles, Mich. FM Stone’s Pete Letherman, CCIM, SIOR, represented the buyer in the transaction. Construction has been underway since July 2018 on a 10,000 SF building on the site that will house a new Bobcat of Michiana facility. The store, which will sell and rent Bobcat-brand equipment, expects to hire about 10 new employees. This will be the third Bobcat of Michiana store in the area for the company. Other locations include Elkhart and Riverside, Mich.

Catalloid Products Takes 2,400 SF

9-11-2018 — Catalloid Products Inc. is the new tenant in Suite 3 at 821 E. Windsor Avenue in Elkhart. The company, which leased 2,400 SF in the industrial flex building, develops investigative procedures in biomedical research. Pete Letherman, SIOR, CCIM, assisted the landlord, HFT Realty, and Scott Griffith assisted Catalloid Products in the lease.