Wayne County Wednesday closed the sale of the Pinnacle Aeropark Property in Huron Township to HS Commerce 275 LLC for nearly $4.9 million following inspections. Initial site plans call for two storage or warehouse buildings that combined will total more than 600,000 square feet of space.
HS Commerce is a joint venture between Hillwood Enterprise and Sterling Group in Detroit. The property is located in close proximity to Detroit Metropolitan Airport in Romulus.
“Given the proximity to the airport and the expected growth of the logistics industry, we think potential tenants will be as interested and excited about this project as we are,” says Warren C. Evans, Wayne County executive. “We are continuing to leverage assets like Detroit Metro Airport to attract investment, create jobs, and expand the tax base.”
Under the sale terms, which were approved by the county commission on Oct. 3, the purchasers agree to invest $40 million into the property within five years.
The property was rezoned in August by Huron Township from a Special Purpose District to the Pinnacle Development Area District, clearing the way for the project. The site is bordered by Pennsylvania, Wayne, Sibley, and Vining roads and includes 350 acres of land and the 300-acre Pinnacle Race Course site, a former horse racing track that was acquired after foreclosure in 2019 through the right of refusal process.
“This property is perfectly situated for mixed use industrial development to drive commercial investment,” says Khalil Rahal, assistant Wayne County executive. “The fact that Hillwood was willing to move forward with these buildings before securing tenants tells us they expect the property to be in demand, and that’s a great sign. We want to thank the local officials in Huron Township for partnering to bring this project to fruition.”
Structures and debris on the racecourse parcel were removed following an agreement between the county and the property’s owner at the time.