SAGINAW, MI-The former Delphi facility here has traded hands for an undisclosed price. The 912,820-square-foot manufacturing property was purchased by an unnamed California-based private investor, according to Grubb & Ellis Co. executives.

“This was a success on many levels,” says Grubb SVP Chris Dowell. “We were able to bring together diverse parties to sell an automotive manufacturing facility in a tough market. It’s also a win for Michigan – this is the buyer’s first investment in the state, indicating that some investors see long-term potential here.”

Grubb & Ellis executives tell, TRW Integrated Chassis Systems LLC leases 682,000 square feet in the facility, located at 2328 E. Genesee. Dowell is exclusively marketing the remaining 230,000 square feet.

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