Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganIndustrialOffice

Friedman closes $38.5 million sale of office/industrial campus in Detroit

September 16, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

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.

Tags
Friedman Real EstateindustrialMichiganoffice
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

PREMIER Design + Build Group names Michael Power, Jr.  as chief financial officer

March 31, 2023
IllinoisIndustrial

ML Realty Partners completes 638,973 square feet of industrial lease transactions around Chicagoland

March 31, 2023
MinnesotaFinance

Minneapolis’ Colliers Mortgage adds VP to staff

March 31, 2023
TexasCRE

Gensler shares two personnel announcements for Houston office

March 31, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com