Autocam Corp. Completes Sale-Leaseback

KENTWOOD, MI-Autocam Corp. has sold and leased back for 15 years its corporate headquarters in Kentwood and a manufacturing facility in Marshall, MI, which together total 142,182 sf of rentable space. The acquisition price of the properties was $6.05 million. The parties involved could not be reached for comment on the value of the leaseback.

The buyer is Bradley Associates, a Chicago-based limited partnership specializing in the syndication of single-tenant commercial properties. The company represents more than 1,200 investors who own 90 industrial, office and retail properties nationwide. Autocam is a maker of precision metal components for fuel systems, braking systems, power steering systems, surgical devices, and computer electronics. The company employs 1,800 in nine facilities worldwide.