By Daniel Duggan, Crain's Detroit Business
Dearborn, Michigan -- Auto supplier International Automotive Components Group Inc. has signed a lease to move its Dearborn headquarters -- and 500 people -- into a 114 000-sq.ft (10 590 sq.m) building in Southfield, Michigan.
The deal to take over a vacant building on Telegraph Road near I-696 is the fourth-largest office deal of the year in Metropolitan Detroit.
The five-story building, at 28333 Telegraph Road, will give the company a larger footprint than the 80 000 sq.ft it has been using in Dearborn. The new location is more centrally located for the company's employees, said Robert Bryan, senior vice president of IAC North America and Asia.
"The new headquarters is at the centre of the metropolitan Detroit area and also is more conveniently located for our customers, suppliers and numerous other visitors," he said.
W.L. Ross & Co. owns IAC, a global supplier of interior parts and systems.
Financier Wilbur Ross built the company through a series of acquisitions between 2005 and 2007, with the bulk of the company coming by combining the interior business of Southfield-based Lear Corp. and the interior assets from the now-defunct Collins & Aikman Corp.
IAC is moving into a building that was home to MSX International Inc. until it moved out, leaving the building vacant for the last three years.
IAC also plans to build an annexe building next to the existing building, which will serve as an advanced engineering and technical centre.