Incoe Corp. is building a new $20 million-plus global headquarters in Auburn Hills, Mich.
The maker of hot runner systems is now based nearby in Troy, Mich., and said in a news release that its new 135,000-square-foot building in the Oakland Technology Park is expected to be complete by summer 2018.
Southfield, Mich.-based General Development Co. LLC has been hired as the developer. The building will sit on about 15 acres, according to Ethan Weisman, business development manager for General Development, which will own and lease the building to Incoe.
The company said it also has expanded its Asian headquarters in Shanghai and its European headquarters in Germany since 2013.
Incoe said its move to Auburn Hills represents a consolidation of three separate locations in metro Detroit and an expansion. A spokesman declined to provide additional detail.
"An investment into expanding our footprint demonstrates Incoe's commitment to be one of the leading Hot Runner System suppliers in the world," said Eric J. Seres Jr., president and CEO in a news release. "Creating more office and manufacturing space will bring about operational efficiency gains needed to best serve our customers throughout North America and allow us to continue to be competitive in the global market for years to come."
Farmington Hills, Mich.-based GAV & Associates Inc. is the project architect. General Development jointly owns Oakland Technology Park with Farmington Hills-based Friedman Integrated Real Estate Solutions LLC.
The property has attracted companies including Faurecia North America Inc., Atlas Copco North America Inc. and Hirotec America Inc. for new buildings. Most recently, Auburn Hills-based Hutchinson North America made public its plans for a new $8 million headquarters there.
The joint venture between General Development and Friedman has more than 200 acres, while another portion has about 800 acres owned by FCA US LLC, Johnson Controls Inc. and Delphi Automotive plc.