PONTIAC, Mich. (AP) – Former General Motors facilities in Oakland County are being sold to a company that plans to renovate them for manufacturing and office use.
The Revitalizing Auto Communities Environmental Response Trust announced the agreement Wednesday with Industrial Realty Group. It’s buying the Pontiac Centerpoint Campus West and the adjacent Pontiac Centerpoint Campus Central properties.
The RACER Trust says other companies have expressed interest in new development on the properties, which encompass more than 1.7 million square feet of building space and more than 150 acres.
Industrial Realty Group also bought a former GM assembly plant in Moraine, Ohio, and serves as the primary lessee of a former plant in Shreveport, Louisiana.
The RACER Trust took over sites around the country left behind in General Motors’ 2009 bankruptcy reorganization.