ROMULUS, MICH. — Developer Chris Semarjian of Industrial Commercial Properties (ICP) and Stuart Lichter of Industrial Realty Group (IRG) have purchased the Northline Industrial Center in the greater Detroit area. The property is located at 38481 Huron River Drive and has over 1 million square feet of warehouse facilities situated on 164 acres.
Anchor tenants include Home Depot, W.F. Whelan Company and Renaissance Global Logistics. Gary Glotzhober of Colliers International brokered the acquisition of the property from Soave Enterprises.
The Northline property was originally designed and built for a government jet engine manufacturing facility. It was sold to Ford Motor Company and ultimately was owned and occupied by Kelsey-Hayes as a wheel manufacturing facility.
This property is Semarjian and Lichter’s fourth major acquisition in metro Detroit.
Developers Chris Semarjian (ICP) and Stuart Lichter (IRG) partner on national and regional projects and specialize in the acquisition, development and management of commercial and industrial real estate.