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Henniges Automotive to build headquarters in Auburn Hills

June 23, 2011

By Daniel Duggan

The Farmington Hills-based auto supplier Henniges Automotive North America Inc. is set to break ground as early as next month on a 55,000-square-foot headquarters in Auburn Hills.

The deal marks the second in the Oakland Technology Park — former Chrysler Group LLC land purchased in March 2010 by Southfield-based General Development Co.

While General Development will develop the building, Livonia-based Schostak Bros & Co. will own it and lease it to Henniges, said Randy Thomas, president of Southfield-based Insite Group. Insite brokered the deal along with Matt Farrell, executive principal with Birmingham-based CORE Partners LLC.

Thomas said Henniges will move into a building that is smaller and more energy-efficient than its current headquarters. The developers will seek LEED certification for the building.

“It’s a deal that means a bottom-line savings in both rental costs and energy costs,” he said. “They’re right-sizing their space and getting a new, LEED-certified building, with a cost savings as well.”

Henniges Automotive, which also has offices in Germany and China, manufactures automotive sealing systems for doors, windows, trunks, liftgates, sunroofs and hoods, according to its website. It also supplies the automotive market with anti-vibration products, encapsulated glass, obstacle detection systems and other rubber components. It sells to all major automakers and has 4,500 employees worldwide.

In November, Chicago-based Wynnchurch Capital Partners sold Henniges Automotive to Greenwich, Conn.-based Littlejohn & Co. LLC for an undisclosed sum.

The company currently occupies a 75,000-square-foot building in the Farmington Hills Corporate Campus, according to the Washington, D.C.-based CoStar Group.

The deal continues General Development’s momentum in the park.

The Southfield-based company bought 211 acres from Chrysler’s liquidation arm, Old Carco L.L.C., for $2.5 million. The land had been valued as high as $400,000 an acre several years ago.

U.S. Farathane Corp. was the first to develop in the park, with the construction of a 78,000-square-foot building. It started as a lease and was later converted to a sale, with Farathane buying the building for $15 million and paying $2 million for some of the land around the building.

View the full article here:

http://www.crainsdetroit.com/article/20110623/FREE/110629918/henniges-automotive-to-build-headquarters-in-auburn-hills-tech-park