Newmark Grubb Knight Frank (NGKF) is pleased to announce that Christopher Dowell, senior managing director, has recently completed a 128,000-square-foot, 10-year, lease renewal at 3000 University Drive in Auburn Hills, Michigan. Dowell represented the property owner, Shamrock Holdings, as well as the tenant, Delphi Automotive PLC (Delphi), in the transaction.
Founded in 1994, Delphi Automotive PLC (NYSE: DLPH) is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries. The firm’s dyno chamber and sound proofing division has occupied 128,000 square feet on the first floor of 3000 University Drive for nearly 10 years. As the firm neared the end of its current lease, Delphi selected NGKF’s Dowell to be the broker charged with restructuring their current lease terms.
“3000 University is a first-class property offering modern amenities, a great location and easy access to highways and labor pools,” said Dowell. “It’s a great fit for Delphi and we are pleased to have arranged this long-term renewal on behalf of both parties.”
3000 University Drive is a four-story, 449,326-square-foot Class A industrial building. Originally built in 1989, the property was extensively renovated in 2008 and features 331,326 square feet of offices, an 118,000-square-foot lab, an auditorium, as well as a cafeteria. Located in the heart of Auburn Hills, the property is west of Squirrel Road and offers easy access to I-75.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.