OFFICE BUILDING IN MICHIGAN
June 20th, 2009 - Archived
Kennedy Wilson successfully auctioned a Class-A, 364,000 +/- square foot, 3-story office building situated on 40.75 +/- acres at on PORTAGE ROAD in Michigan through a competitive auction marketing program.
The PORTAGE ROAD property is an open bay atrium office facility that was originally on the market for $18.5 million. Market economics coupled with an excellent location presented a once in a lifetime investment opportunity. Architecturally, the Property has a central dramatic atrium entrance that provides natural light to all three floors. The building has a distinctive tiered look that provides a sophisticated setting for a corporate headquarters. Sufficient land on the 40.75 acres and zoning exists for future development including manufacturing, assembling and fabrication activities as well as possible expansion of the office building.
The Property is located in Kalamazoo County in a strategic position midpoint between Detroit and Chicago. The ease of access to the major highway corridors traversed by I-94 and US-131 provides for ideal business development and the existing facility with its onsite cafeteria, auditoriums, substantial green belt and parking provide an ideal work environment for approximately 1000 employees.