Grubb & Ellis Represents Both Parties in Sale of 912,820-SF Former Delphi Facility in Saginaw, MI

SOUTHFIELD, MI– Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm,  represented both parties in the sale of Delphi’s 912,820-square-foot manufacturing facility at 2328 E. Genesee in Saginaw to a California-based private investor. The purchase price was not disclosed.

Chris Dowell and Geoff Hill, SIOR, CCIM, both senior vice presidents in the company’s Industrial Group, and Patrick Shannon, vice president, Investment Group, facilitated the transaction.

“This was a success on many levels,” said Dowell. “We were able to bring together diverse parties to sell an automotive manufacturing facility in a tough market. It’s also a win for Michigan – this is the buyer’s first investment in the state, indicating that some investors see long-term potential here.”

Approximately 682,000 square feet of the facility is currently leased on a long-term basis to TRW Integrated Chassis Systems LLC, a subsidiary of TRW Automotive, which purchased Delphi’s braking unit in 2008. Dowell has been named the exclusive leasing agent for the remaining 230,000 square feet of available space.

Contact:  Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com