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Avison Young negotiates the acquisition of Kautex Detroit manufacturing facility in Detroit

Avison Young negotiates the acquisition of Kautex Detroit manufacturing facility in Detroit 28 Jul 2021

Manufacturing enhances upward tick in city's resurgence

Detroit, MI Avison Young today announced that it has negotiated an acquisition of Kautex Detroit on behalf of 49th Clark LLC, for the 147,000-square feet (sf) industrial/manufacturing facility at 2627 Clark Avenue in Detroit, Michigan.

49th Clark LLC, the buyer, was represented by Avison Young’s Sloane Walsh, a sales and leasing specialist, based in the firm’s Detroit office. 49th Clark LLC is an entity tied to the developer Lost Tree Village Family Corporation. The acquisition is part of Lost Tree’s long-term investment strategy focused on stable, mission critical industrial and manufacturing assets across the country.  

This building produces specialized parts that are integral to the automotive industry, and this facility’s proximity to the major auto manufacturers makes it irreplaceable,” said Sloane. 

Kautex Detroit, a plastic gas tank manufacturer for the automotive industry, has been in this location since 1998. The building sits in the Corktown area near Detroit’s big three automotive companies. With features of high-tech robotic manufacturing equipment, state of the art warehousing and delivery systems, this facility has added to the automotive industry’s growth.

“Kautex, Inc. and their fuel systems rank as one of the top 100 largest automotive suppliers in the world in terms of sales volume,” said Nicholas White, Asset Manager of 49th Clark LLC. “This location allows a clear path for continued growth and expansion possibilities.”

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community. Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.

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