Sta ff p ho to by Ang ie Baa n
Business I coming home
Building The Legacy
A lawyer/builder returns to extend the family history.
Alan Hitsky
Associate Editor
M
atthew Sosin's great-great
uncle, the late Max Sosin, was
one of the finest storytellers
and masters of ceremonies the Detroit
Jewish community has known.
Matt's father, Neil Sosin, 59, has built
his own reputation — for property invest-
ment and property management. Now
Matt, 32, is trying to build on his father's
legacy at Northern Equities Group (NEG)
in Farmington Hills.
Astute planning, investing and bidding
in the 1990s has led to two major corpo-
rate developments by Northern Equities
Group near the intersection of 1-696,1-96
and 1-275. The company has completed
the development of the 145-acre Country
Club Corporate Park at the southwest cor-
ner of Haggerty and 12 Mile roads on the
Farmington Hills/Novi border. It is now
working on the second stage of the 365-
acre Haggerty Corridor Corporate Park
west of Haggerty, between 12 and 13 Mile.
Nissan Motors' North American Design
headquarters is a major figure in the
Country Club development, says Matt, a
former Manhattan attorney who came
home to Detroit to join his father at NEG.
The company will sell land to major cli-
ents like Nissan to get a project started.
But its forte is property management at
the park-like settings which it has created
for tenants both large and small.
The central location of the two develop-
ments — "Novi is the new geographic
center of the Detroit area;' Matt says — is
attractive to businesses and their employ-
ees. With Chrysler in Auburn Hills, Ford
Motor Co. in Dearborn, General Motors in
downtown Detroit and Toyota operations
in Ann Arbor, Novi has become a hub. And
the Northern Equities Group prop-
erties offer one-minute access to
the nearby freeways.
"In the old days:' says Matt,
auto suppliers had one contract.
Now they are much more diversi-
fied" and their employees are more
likely to be going frequently to
other suburbs for meetings.
The Country Club Corporate
Park is 100 percent developed
and phase I of Haggerty Corridor
Corporate Park is 95 percent com-
plete. NEG expects to complete a
multi-story, 150,000-square-foot
building for Ryder Systems Inc. in Matt Sosin stand in front of one of his buildings in
the Country Club Corporate Park.
phase II next spring and recently
Ma3signed a deal for office space
for Henry Ford Hospital physicians. Others Center, to premium office space for profes-
tenants range from Timken, Foamax,
sional service companies — doctors, law-
Siemens, Paychex, Magna International
yers, accountants and general offices.
and the sprawling LaSalle Technical
Joining his father at NEG was always
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60 September 13 • 2007