COLLIERS INTERNATIONAL ANNOUNCES SAMSUNG SDI AMERICA INC.’S NEW NORTH AMERICAN HEADQUARTERS IN AUBURN HILLS
February 19, 2019 – Southfield, MI – Colliers International is pleased to announce the lease of 137,560 square feet of industrial space at 50 Continental Drive in Auburn Hills, MI.
Peter E. Kepic, Principal, and Peter J. Kepic, Senior Vice President at Colliers International Detroit represented the landlord, Joel Nosanchuk.
The new tenant, Samsung SDI America, Inc. is planning to have Magnum Industrial Building Company complete a $62.7 million high-volume battery pack manufacturing facility. The facility, the first of its kind in the US, will be the center of Samsung’s automotive battery operations and home to its new North American headquarters, research and development tech center and manufacturing operations.
Magnum Industrial Building Company, the landlord’s contractor on the speculative project, will finish the interior for Samsung to their specifications. Samsung is expected to occupy in the Spring of 2019.
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Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
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