Gilbert keeps buying: One Woodward tower now his

By: Associated Press Email
By: Associated Press Email

Quicken Loans chief Dan Gilbert says his business umbrella company is buying downtown Detroit's 26-story One Woodward building as he continues to expand his real estate holdings in the area.

The 333,000-square-foot building is in the heart of the city's central business district near the Coleman Young Municipal Center. It was designed by World Trade Center architect Minoru Yamasaki and opened in 1962.

Gilbert says the building is about 60 percent occupied and says that will rise to 90 percent in January when Quicken Loans and related businesses lease eight floors. He didn't disclose the purchase price.

Since January 2011, Gilbert's Rock Ventures has bought 10 buildings with about 2.5 million square feet of office space, as well as two parking garages with 3,500 spaces.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 181900561 -