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Plante Moran Cresa helps Hyundai Mobis Company procure municipal incentives for a new Detroit facility

Hyundai Mobis Company U.S. building.
Interior of Hyundai Mobis U.S. manufacturing facility.
Car parts in the interior of Hyundai Mobis U.S. manufacturing facility.
  • Hyundai Mobis Company U.S. building.
  • Interior of Hyundai Mobis U.S. manufacturing facility.
  • Car parts in the interior of Hyundai Mobis U.S. manufacturing facility.
Spurred by a new contract to produce chassis modules for the Jeep Grand Cherokee, South Korea's largest auto parts maker, Hyundai Mobis Company, required a new U.S. facility.

The challenge

South Korea’s largest auto parts maker, Hyundai Mobis Company (MOBIS), was awarded a contract to produce chassis modules for the Jeep Grand Cherokee.

MOBIS engaged Plante Moran Cresa (PMC) to act as its independent tenant representative in conducting site location analysis, identifying and procuring real estate, and investigating any possible incentives to support the project.

The solution

PMC identified numerous locations in multiple states for sale and lease, including the site MOBIS ultimately selected, a 167,000-square-foot facility in Detroit, Michigan.

The benefit

PMC helped MOBIS navigate all procedural, relational, legal, and strategic components necessary to acquire the building. Additionally, PMC helped MOBIS procure both MEGA job creation tax credits and approval for an extension of Renaissance Zone status formerly applied to the building, with a collective total worth of over $6 million.

Related Services:

Commercial Real Estate Advisors Industrial Real Estate Real Estate Consulting Real Estate Tenant & Buyer Representation

Related Industries:

Automotive Manufacturing

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