The 443,340 square foot building is located at 3600 Giddings Road with I-75 frontage
Signature Associates is pleased to announce the sale of the 443,340 square foot industrial building located at 3600 Giddings Road in Auburn Hills to a partnership between Foundation Capital Partners, LLC and Wheelock Street Capital, LLC. Joe Hamway and Greg Hudas of Signature Associates represented the partnership in the purchase of the building and are now marketing the property for lease for the first time.
The first-class trophy asset offers I-75 frontage, 30’ clear, 375 parking spaces and is situated on 28 acres. The partnership purchased the building as an investment with plans to reposition the property and bring a major corporate tenant to the I-75 corridor. Occupancy will be available in May 2022.
“We are excited for the opportunity to bring this Class A mission critical logistics facility to the market for the first time,” says Nirmal Roy, managing partner at Foundation Capital Partners.
“It truly is a first-class corporate headquarter facility,” said Joe Hamway, Vice President | Principal of Signature Associates. “The property includes high-end corporate office/research components, a state-of-the-art paint room, as well as warehouse and distribution space, and is perfect for anyone looking for a property with superior amenities you won’t find anywhere else in the area.”
“We are proud to work with Foundation Capital Partners and look forward to leasing up the building”, said Greg Hudas, Vice President | Principal of Signature Associates.
For leasing information and to arrange a tour, please contact Joe Hamway / Greg Hudas at 248.948.9000.
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About Signature Associates:
Signature Associates, with eight offices across the Midwest, is the region’s leading commercial real estate firm. Signature provides a diverse selection of services, including brokerage, tenant representation, investment sales, property/asset management, advisory services, consulting, and market research. Signature Associates consistently maintains 42% of the market share, completes thousands of transactions and over a billion dollars’ worth of business annually in local, national, and international transactions. For more information about Signature Associates, visit: www.signatureassociates.com.
About Foundation Capital Partners:
Foundation Capital Partners, LLC headquartered in New York City with an office in Miami, is a private investment management firm focused on achieving opportunistic returns by its pursuit of a strategy dedicated to real estate across the United States. All of the firm's opportunities fall within its three themed investment approach: Distressed, Special Situations or Disruptive. FCP will pursue equity and credit opportunities within its investment mandate across private and public real estate markets.
About Wheelock Street Capital:
Wheelock Street Capital, LLC is a private real estate investment firm founded in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 30 years of broad real estate transaction experience across all major asset classes. Wheelock has raised over $5 billion in capital commitments from well-known institutional investors and focuses on real estate investment opportunities throughout the United States, in both public and private markets. Wheelock is currently deploying its seventh fund in its value-added series, Wheelock Street Real Estate Fund VII with $1.2 billion of targeted capital commitments and its first perpetual life fund, Wheelock Street Long Term Value Fund with $1 billion of capital commitments. The firm may invest directly or with high quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalizations. Wheelock’s investment team benefits from extensive experience from top-tier institutional investment firms and highly regarded real estate operating companies and has produced a 10+ year track record of demonstrated and consistent outperformance over industry benchmarks.