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Chicago & Midwest  + Midwest  + Office  |  September 15, 2020
Paul Bubny
By: Paul Bubny

Sakthi Automotive Campus Trades in Receivership Sale

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.

The deal was facilitated by Friedman’s Kevin George and Jared 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 located directly adjacent to the future Gordie Howe International Bridge U.S. Port of Entry.

“We’re excited to complete a deal of this size in the Detroit market and see what the future holds for the area,” said Jared Friedman.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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