One-time Birmingham Google office sells for $46.75 million
The downtown Birmingham office building that once housed Google Inc.’s local sales force has sold.
The sale of the 126,000-square-foot office and retail building at 325 N. Old Woodward Ave. closed earlier this month for $46.75 million, said Simon Jonna of The Jonna Group, a division of Colliers International Inc. which worked on the deal.
City of Birmingham staff said the sale to 325 Owner LLC was dated Jan. 10, and they confirmed the purchase price.
That entity is registered to Gregory Erne, principal of Royal Oak-based developer and landlord Versa Real Estate.
An email was sent to Erne seeking comment.
The building had been owned by Boston-based Intercontinental Real Estate Corp. since 2007, when it paid $38.2 million for it, according to CoStar Group Inc., a Washington, D.C.-based real estate information service.
It’s currently occupied by a local office of Swiss bank UBS Financial Services Inc., St. Petersburg, Fla.-based Raymond James Financial Inc. and other office tenants, plus has the Fleming’s Prime Steakhouse & Wine Bar restaurant on the first floor, CoStar says.
The property, built in 1980, is managed by the Southfield office of Transwestern.
Posted By: Crain’s Detroit Business on January 25, 2022. For more information, please click here to read the source article.
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