Building Size
120,000+ SF |
Vacancy Duration
5+ years |
Location
Auburn Hills Tech Park |
When Symmetry Management identified Executive Hills, it was a bank-owned industrial property that had remained vacant for more than five years inside Auburn Hills Technology Park. At over 120,000 square feet, the building’s sheer size combined with a layout dominated by underperforming office space made it a deal that the broader market had passed over repeatedly. Investors and developers struggled to envision a viable path forward for a building so heavily encumbered by second-floor office square footage, which is notoriously difficult to convert or lease in industrial markets.
Symmetry’s team recognized that the building’s fundamental bones were sound. The problem was its configuration. Leveraging its in-house general contracting capabilities, Symmetry executed a targeted partial demolition of the second floor, eliminating the excess office footprint and dramatically expanding the building’s high-bay industrial space.
High-bay space, characterized by its tall clear-height ceilings designed to accommodate racking, manufacturing, and logistics operations, is in significantly higher demand among industrial tenants than traditional office space. By reducing the office square footage and reconfiguring the layout, Symmetry repositioned the asset to appeal to a much broader pool of industrial users.
Since completing the repositioning work, Executive Hills has generated substantial interest where little had existed before. The project is currently on the market with active user activity, and Symmetry anticipates making a selection in the near term — in sharp contrast to the years of dormancy the property experienced under prior ownership.
“A lot of developers and investors struggled with understanding what to do with this much office space. We understood the complexities and the opportunity.”
— Frank Jarbou