Greyhill Group acquires 764,000 s/f industrial warehouse for $15 million

Jackson, MI Greyhill Group has acquired a 764,000 s/f industrial retail condominium located at 1300 Falahee Rd. The property was purchased for $15 million in an off-market transaction from RHL Investments, Laurice LaZebnik.

The deal closed on July 31, 2025, at a purchase price of $19 per s/f. Financing was provided through bridge financing by Rhine Legacy Capital.

Greyhill Group, led by principals Moshe Bloorian, Jacob Herskowitz, and Jesse Cohen, has an established track record in the industrial and multifamily sectors, currently owning more than 2 million square feet of industrial warehouse space and over 1,000 apartments nationwide.

“This acquisition aligns with Greyhill Group’s long-term investment strategy, targeting high-cash flowing industrial assets with significant upside in strategic markets,” said a company spokesperson.

The property’s scale and strong in-place income position it as a cornerstone in Greyhill’s expanding industrial portfolio, offering both immediate returns and long-term value growth opportunities.