A Birmingham investor quietly purchased another property — at least his eighth in the past 18 months — in Detroit, this time the Detroit Fire and Marine Insurance Co. building in the Financial District.
Hany Boutros, who is co-owner of Birmingham-based Mills Pharmacy + Apothecary, is tied to an entity that purchased the 12,000-square-foot building at 625 Shelby St. in June.
That entity, HB Hospitality Detroit LLC, is registered to Kelly Allen, a partner in the Adkison, Need, Allen & Rentrop PLLC law firm in Bloomfield Hills. The deed for the June sale lists the address for HB Hospitality Detroit as a Birmingham address owned by Boutros.
The purchase price for the building, built in 1912, is not known.
Plans for the building or his other properties are also not known. A message left with Boutros Tuesday afternoon was not returned.
The previous owner was an entity called Sherlock Enterprises LLC, which is registered to Paul Huxley, CFO of Detroit-based Strategic Staffing Solutions.
Since May 2015, Boutros has purchased at least eight properties near the east Detroit riverfront, in Brush Park and now in the Financial District, all of which have seen ramped up real estate investment in the last several years.
They are:
2952-2954 Woodward Ave.
2130 Franklin St.
241 Chene St.
249 Chene St.
1949 E. Jefferson Ave.
2100 Guoin St.
211 Jos. Campau Ave.
625 Shelby St.
Mills Pharmacy is expected to open a Midtown location on Cass Avenue this month.
By KIRK PINHO, Crains Detroit Business
