Spanish automotive interiors supplier and injection molder Grupo Antolin is seeking to sublease its North American headquarters space in Auburn Hills, Mich., as it considers options for its footprint in metro Detroit.
The company is marketing the 112,000-square-foot office and R&D space it leases, according to a brochure from Bowman Ecker, the Troy-based real estate firm representing the supplier.
The sublease term would run through June 2025. The building itself is being marketed for sale by Bingham Farms-based owner Burton-Katzman LLC with an asking price of $12.86 million.
Mark Bowman said his supplier client is considering options for office space elsewhere in the market in Auburn Hills and beyond as is typical when a lease nears its end.
“What Grupo is doing is just looking at their options before they consider a renewal,” he said. “Renewal is a possibility, but they want to consider all their options in the market.”
The company could not be reached for comment.
In addition to its administrative base, Grupo Antolin maintains a sizable manufacturing presence in Michigan, with plants in Shelby and Canton townships. The company informed the state last month that it was closing its plant in China Township, near St. Clair, and laying off 150 people.
Grupo Antolin, whose customers include the Detroit 3 automakers, named a new CEO in October who is tasked with carrying out a transition plan that seeks to boost margins and expand business in North America, China and the rest of Asia.
Grupo Antolin ranks No. 3 in Plastics News' ranking of North American injection molders with an estimated $1.1 billion in sales in the region.