ANN ARBOR, MI-Borders Group's former headquarters located in Ann Arbor has been placed on the market for sale for a price of $6.9 million. The sale comprises the office building measuring 330,000 square feet, over 1,200 parking spaces, and an approximately 12-acre site located off I-94. Colliers International in Ann Arbor is dealing the transaction on behalf of the lender.

Agree Realty, the former owner of the property, defaulted on the loan following the liquidation of Borders Group. For the full story, go to The Detroit Free Press .


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.