WARREN, MI-MSX International, an engineering firm that works primarily in the automotive sector, will be moving its corporate headquarters to a location in Warren from Southfield.

An undertemined number of MSX employees will nove into two buildings MSX already operates in Warren, near I-696 and Dequindre Road. The employees are being moved from a 64,000-sf building near 11 Mile Road and Lahser in Southfield that MSX leased from an affiliate of Kirco, which is based in Troy. Two years ago, MSX signed a 10-year lease at the new $11 million building in Troy, but MSX will now seek to sublease that facility. The move is being done as a cost-saving effort by MSX, which reported a net loss about $25 million.

MSX is also vacating another, smaller office in Dearborn. The moves are targetted to save MSX about $30 million, according to Bruce Wagner, VP of corporate communications for MSX.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.