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Colliers International Detroit Announces the Sale of Two Industrial Buildings in Detroit, MI

13901 Joy Road_1536x1040

Colliers International is pleased to announce Peter E. Kepic, Principal, and Peter J. Kepic, Senior Vice President, completed the 456,156 SF sale of industrial space at 13901 Joy Road, along with the 113,332 SF sale of industrial space at 8211 Decatur Road in Detroit, Michigan.

Peter E. and Peter J. represented both the Buyer, Schostak Brothers & Company, Inc. and Seller, Joy Road Holdings, LLC in the transaction and have been retained by Schostak Brothers to market the buildings for Lease.

“We believe in Detroit’s industrial redevelopment, and this purchase directly aligns with our strategy of buying and renovating well-positioned industrial properties for the needs of innovative market players,” said Jeffery Schostak, President of Schostak Development. “we’re proud that our asset may end up supplying GM’s Factory ZERO producing the fully electric Hummer.”, as well as Stelantis’ nearby Jeep Plant.”

Four generations of the Schostak family, including its founder Louis H. Schostak, his son, Jerome L. Schostak, and his grandsons, Robert, David, and Mark, and now his great-grandson, Jeffrey, have established a real estate leadership tradition. Since 1920, the company’s activities have included development, acquisitions, and leasing of retail, office, industrial, residential, mixed-use projects both urban and suburban.

Schostak Brothers & Company, Inc. (SBCI) has owned and operated properties across all regions of the country as a full-service real estate development, management, leasing, and consulting company. Schostak’s current activities include build-to-suit projects, mixed-use developments, industrial redevelopments, and a variety of necessity-based retail and open air centers located throughout the Unites State. In addition, company management is complimented by cadre of industry experts from REITs, retailers, and related concerns. SBCI is headquartered in Laurel Park Place Office in Livonia, MI.


Related Experts

Peter E Kepic

Principal

Detroit

Peter E. Kepic, Principal, rejoined the company in July, 1993 through the company's merger with Hanzl, Kepic & Van Lokeren, Inc.  Pete began his industrial career in 1972 when he joined the Byron W. Trerice Company.  In 1980, Pete joined Bob Hanzl and Mike Van Lokeren to create Hanzl, Kepic & Van Lokeren, Inc., which became one of the strongest and most prestigious industrial real estate companies in metropolitan Detroit.  Now, as a Principal in Colliers International, Pete continues to practice industrial, office, and investment brokerage with some of the most influential companies in the region.  Pete's clients include:  Berkadia Commercial; Encore Automation; Empire Wire & Supply; FCS Automotive; First Industrial Realty; Frankel Associates; Gibbs Technologies; Magnum Building Company; Motoman Inc.; Precision Global Systems; Singer Investments; Suburban Collection; The Private Bank; ThyssenKrupp Materials NA Inc.; and Timlin Properties.

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Peter J Kepic

Senior Vice President

Detroit

Peter joined Colliers International in August 2001 to focus on the selling and leasing of light industrial and high tech properties in metropolitan Detroit's north suburban markets.  Peter currently represents several landlords and tenants in the north I-75 suburban corridor.  Peter was previously with ProLogis Trust in Denver, Colorado, where he worked as an Investment Analyst.  His responsibilities at ProLogis included due diligence and underwriting for acquisitions and sales of industrial properties.  Peter's clients include: Berkadia Commercial; Encore Automation; Empire Wire & Supply; FCS Automotive; First Industrial Realty Trust; Frankle Associates; Gibbs Technologies; Magnum Building Company; Motoman Inc.; Precision Global Systems; Rizzo Services; Singer Investments; Suburban Collection; The Private Bank; ThyyssenKrupp Materials NA, Inc.; and Timlin Properties;

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