Ford adds more property to Corktown portfolio in Detroit

An affiliate of Ford Motor Co.’s real estate arm has added more Corktown property to its sizable portfolio there.

An entity called 20th Street Properties LLC, whose most recent annual statement filed with the state lists Ford Land Development Co. Chair and CEO Jim Dobleske as its officer, bought at least six properties earlier this year, according to land records filed with Wayne County. The deeds are dated Feb. 7.

Included in the purchase is the Arrow Chemical Products Inc. property on St. Anne Street behind Michigan Central Station.

In all, the six properties total about 1.1 acres and include three buildings totaling nearly 29,000 square feet, according to marketing materials from the Southfield office of Dallas-based CBRE Inc. from 2021.

The asking price at that time was $2.5 million although how much Ford paid is not known.

Plans for the property are also not known.

An outside spokesperson for Ford Land said the company declined comment, and a voicemail was left with Arrow Chemical Products last week. An email was also sent to a CBRE broker who had the listing two years ago.

Ford’s real estate portfolio in that Corktown neighborhood west of downtown includes Michigan Central Station, which is to anchor a nearly $1 billion autonomous and electric vehicle campus.

Contact: kpinho@crain.com; (313) 446-0412; @kirkpinhoCDB