Clark Street

Project Description

Constructed a 189,000 square foot state-of-the-art cross dock facility for Fiat Chrysler at the corner of Clark Street and Michigan Avenue in the heart of Detroit. The project is one of the largest automotive logistics facilities in Southeast Detroit and boasts (200) 9’X10’ truck docks with over 300 trailer parking spots on the 22-acre site. Chrysler took occupancy during 4Q 2015 and the project was sold to Lexington Realty Trust on January 6th, 2016 for $29.7MM based on a 7.4% cap rate. The project was 100% funded by private investment and did not require any public subsidies or incentives.

SIZE: 22 Acres
TYPE: Land Development