Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck.
Tiberina purchased the land from Cleveland-based Industrial Commercial Properties LLC and California-based Industrial Realty Group LLC, who themselves acquired most of American Axle’s 2.5 million-square-foot Detroit Manufacturing Complex in 2014. As part of that deal, American Axle demolished about 1.9 million square feet of the complex and leased back about 360,000 square feet.
“Tiberina views this as a strategic location, which is ideal for supporting their automotive clients,” Austin Semarjian, vice president of acquistion and leasing for Industrial Commercial Properties, said in a press release. “The details are still being worked out such as size and scope of the new plant, but this land purchase indicates their commitment to the project.”
