An investment group which includes principals of CORE Partners Associates LLC and Burton-Katzman LLC has acquired a nearly 119,964-square-foot industrial building in Auburn Hills, Michigan. The purchase took place in January 2018.
The property, located at 1426 Pacific Drive, sits on 10.54 acres in a prominent industrial park visible from I-75. It is a single-tenant, light industrial manufacturing facility.
The property is currently occupied by BAE Industries, a provider of metal manufacturing services. The company offers concept development, product design, rapid prototyping, manufacturing and assembly, delivery, metal stamping and design services. BAE Industries has been at this location for 15 years.
The acquisition of this property builds upon the CORE-BKG Investment portfolio. CORE Partners Associates LLC has been engaged by ownership to manage the property. CORE-BKG has acquired more than 1.8 million square feet of space over the past two years and is actively pursuing additional investment opportunities, especially well-located industrial properties in the primary markets of Metro Detroit, Lansing, Grand Rapids and northern Ohio.