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Sabal Investment Holdings and Crestlight Capital Announce Purchase of Industrial Portfolio in Detroit

March 21, 2023

Sabal Investment Holdings (SIH), is proud to announce that in partnership with Crestlight Capital (‘Crestlight’), it has acquired a portfolio comprised of four Class A warehouse industrial warehouse buildings ideally located near the Detroit Metro Airport. Totaling 1.1 million square feet, the four buildings are currently 100% occupied by a diverse roster of tenants.

Of the acquisition, Sabal’s Managing Director Tal Seder, who was integral to the transaction closing, says: “With promising supply, demand and labor dynamics in the Detroit market, as well as exceptional historic occupancy at these properties, this Class A industrial real estate portfolio is an attractive acquisition for us.”

The portfolio has averaged 98% occupancy over the duration of the past decade and the four buildings are located at 7525 and 6505 Cogswell St. in Romulus and 41133 and 41199 Van Born Rd. in Belleville. Crestlight, Sabal Investment Holding’s partner in the deal, is a real estate investment management firm headquartered in Detroit.