Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUBURN HILLS, MI-Brose North America will invest approximately $26.2 million to develop a 60,000-sf North American headquarters with the assistance of both city and state tax abatements of nearly $12 million. The headquarters will be built on nine acres in the Pinnacle Corporate Center and is expected to be complete by August 2004.

With 16 locations in Europe, North and South America, Asia and Africa and a staff of more than 5,000 globally, the company builds window regulators, door modules and seat adjuster systems for automakers worldwide.

As the technology hub for North American operations, the complex will contain administrative and engineering offices, test and design laboratories, as well as prototype assembly. The facility will house a payroll of approximately 150 when it opens and roughly 260 employees by 2010.

The company estimates revenue at approximately $300 million by 2005.

“We’re excited to establish in Auburn Hills,” says Jan Kowal, president of the company. “The support of the local community and proximity to the automotive industry made Auburn Hills a perfect fit for Brose’s current and future needs.”

The city is also home to the Daimler-Chrysler North American Headquarters, and many other automotive suppliers, and has made no secret about being open to offering incentives for new industry.

Brose has leased office space in Auburn Hills since 1993.

The city of Auburn Hills granted the company tax abatements for an estimated $1.1 million. At the state level, the Michigan Economic Growth Authority has approved a tax credit for the company valued at approximately $6.5 million {adjusted for inflation) and the Michigan Economic Development Corp. will provide up to $130,000 in funding for job training.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.