• Phoenix Investors completed the acquisition of about 1.8 million square feet across three industrial buildings in Saginaw, Michigan, from a Nexteer affiliate.
• Nexteer will lease back about 1.27 million square feet in two buildings to maintain manufacturing operations during a transition period.
• Roughly 552,000 square feet in the third building is available for lease, with Phoenix planning capital investment and repositioning for new users.
• Nexteer retained ownership of adjacent plants, land, a solar field, and a test track as it continues a site transformation started in 2018.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexteer Automotive Group Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG34817) on August 27, 2026, and is solely responsible for the information contained therein.