Dominion Real Estate Advisors brokered the $23.3 million sale of the Ultimate Soccer Arenas in Pontiac, Michigan, to United Wholesale Mortgage.
UWM purchased the property through an affiliated entry to expand its multi-building Pontiac, Michigan, campus, which has now reached nearly 2 million square feet.
The property, at 867 South Blvd. E, is a 378,399-square-foot multi-purpose facility on 33 acres. The property features large-clear-span insulated metal buildings and an existing two-story 32,000-square-foot office building. The office component will be expanded to accommodate more than 2,000 new employees for UWM in 2021, while continuing to serve as a sports and activity complex for its growing team. The sports facility will remain open to the public for youth and adult soccer and lacrosse. The Detroit Medical Center also operates physical therapy treatment centers at the site.
The facility will be renamed the UWM Sports Complex. The facility has welcomed 1.3 million athletes and family visitors each year since it was developed in 2007 by its founder and developer George Derderian.
Eric Banks and Sean Jamian of Dominion Real Estate Advisors coordinated the sale and leaseback between the seller, Ultimate Soccer Arenas LLC, and the buyer, Pontiac Center East LLC.
