Friedman Real Estate closed the $38.5 million receivership sale of the former Sakthi Automotive Group USA, Inc. real estate portfolio. Located in southwest Detroit, the office/industrial campus totaling 620,000 square feet across five buildings and two areas of developable land on 37 acres was sold to an undisclosed investor through receivership.
The deal was facilitated by Kevin George, Senior Vice President of Brokerage Services, and Jared Friedman, Director of Opportunities, at Friedman in partnership with court-appointed receiver Kevin English of Lark Advisors LLC and Counsel for the Receiver, the Dragich Law Firm.
The facilities primarily served as Sakthi’s manufacturing operations housing foundry and machining equipment, robotics assembly and warehousing. A multi-story office building also provided space for corporate and administrative operations.
The campus is strategically located directly adjacent to the future Gordie Howe International Bridge U.S. Port of Entry.