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UAW-GM Center Finds Buyer in Detroit
CBRE recently represented a joint venture between the United Auto Workers and General Motors in the sale of the approximately 420,000-square-foot UAW-GM Center for Human Resources at 200 Walker St. in Detroit. The buyer, a partnership of 400 Monroe Associates and Moceri Companies, purchased the multi-use campus for an undisclosed amount.
Brendan George and Jasper Hanifi of CBRE represented the JV. Lino and Michael Scamardella of Lino Realty represented the buyer.
“This will be one of the most significant transactions of the year in Detroit and it demonstrates the long-term confidence that investors have in this market,” said George.
Christos Moisides, executive member at 400 Monroe Associates, said, “The 18-acre, 420,000-square-foot waterfront campus is truly unique not only in Detroit, but the Midwest. We believe this property will provide a creative, inspiring and safe environment for a single or collaborative user.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
