D’Agostini Land Company

DAgostini picD’Agostini Land Company nears completion on a major industrial park in Michigan.

By Kat Zeman, Senior Editor at Knighthouse Media

Build it and they will come: D’Agostini Land Company operates under this ideology. The Sterling Heights, Mich.-based building contractor doesn’t need a guaranteed sale or lease prior to completion. Experience has taught the company that quality projects will eventually attract tenants and buyers.

“Probably 80 percent of our portfolio is speculative in nature, which means we have embraced risk,” Principal Owner Eugene D’Agostini says. “There are other industrial builders, but very few speculative builders do as much as we do.”

One of the company’s largest projects to date is nearing completion in Shelby Township, Mich. Cherry Creek Corporate Park, a 220-acre industrial development, has received a lot of attention since D’Agostini Land Company bought the land from Lehman Brothers in 2010.

“It’s one of the larger industrial parks in metro Detroit,” D’Agostini says. “A large percentage of the tenants are auto manufacturers and some are military contractors. These manufacturers are servicing large, world-wide contracts.”

Community Investment

Since buying the land, the company has built 8 plants totaling roughly 1.2 million square feet of manufacturing space. The showcase development is located in a prime location with access to area freeways. 

“We have room for two more smaller buildings, but the park is about 95 percent complete,” D’Agostini says. “And there’s a small commercial component to this development.”

The park has an existing commercial component that features a strip mall and a Walmart. D’Agostini Land Company owns land that could accommodate roughly 40,000 square feet of commercial space that it plans to develop at a later date. DAgostini box

D’Agostini Land Company has invested roughly $100 million into the development. However, additional funds and support came from the Michigan Strategic Fund, Michigan Economic Development Corp., Macomb County Department of Planning and Economic Development and Shelby Township. 

“They have all been extremely cooperative and without their help these projects would not have occurred,” D’Agostini says. “We created in excess of 2,000 new jobs since 2010 and the development has caused a ripple effect for the surrounding businesses, restaurants and such. They have been positively impacted.”

D’Agostini added that Macomb County Executive Mark Hackel and Shelby Township Supervisor Rick Stathakis were instrumental in making the development happen.  

Varying Variety

D’Agostini Land Company has more than a dozen industrial buildings under development in Michigan that range from finish-to-suit, build-to-suit and speculative types of projects. That includes roughly 90,800 square feet of build-to-suit industrial manufacturing space and about 120,000 square feet of speculative industrial space in Shelby Township.

“Our strength is in our ability to customize and meet the demands of our customers quickly,” D’Agostini says.

In Lyon Township, D’Agostini Land Company is developing three industrial buildings totaling about 143,200 square feet at the Lyon Research Industrial Center. “We are doing some speculative work in there as we speak,” D’Agostini says.

In addition, the company has a variety of multi-tenant industrial projects under development in Shelby Township and Sterling Heights, as well as a mixed-use development featuring retail and office space in Rochester Hills and another in Clinton Township.

Life’s Blood

Construction runs in the blood of the D’Agostini family. 

Eugene D’Agostini, whose father was a utility contractor, built his first industrial building when he was only 21 years old and attending college for a different profession.

“I went to college, then law school and became a lawyer,” he says. “But I always had a passion for construction.” He built and leased his first machine shop in 1971. Although he practiced law for many years, it wasn’t his first passion and he founded D’Agostini Land Company in the early 1980s.

Today, he shares ownership of the company with his five daughters. They are Sara D’Agostini, Emily D’Agostini-Kunath, Gina D’Agostini, Julie Pirra and Maria Lukosazich. 

The company prides itself on its work in the industrial market. It has earned a solid reputation for being able to deliver a variety of industrial projects in a timely manner and with professionalism. An in-house design and engineering staff helps D’Agostini Land Company react quickly to the demands of its customers.

“Our magic sauce is the ability to deliver versatile, quality product quickly,” D’Agostini says. “We design these buildings for different requirements. We start the construction process with the idea that we can service 95 percent of the needs out there with minor tweaks. We’ve been doing this so long that we know a lot of the key components that will make a deal.”

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