DETROIT-The ANR Pipeline Co. will soon vacate Towers 500 and 600 of the Renaissance Center, a Detroit landmark and the largest office space in the city. The company will relocate to Houston as part of the merger between its parent company, the Coastal Group, and El Paso Energy Corp. of Houston.

The building will not be vacant, however. The company will honor its long-term lease, says Peter Griffin, vice president of ANR. Primarily, the company occupies all of Tower 600, and occupies half of Tower 500. Third-party tenants lease the balance. “We will explore options to commercially lease them out to multi-tenants, or try to find a single user,” he tells

Both towers have a combined 615,000-sf, with a lease rate of about $25.50 per sf.Employees are being offered positions elsewhere in the merged company, says Kent Barry, Coastal’s vice president of public affairs. The move will take begin sometime around the fourth quarter of this year, he says, and should be completed by next summer.”A small office will be left in Detroit to handle sales and marketing,” Griffin says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.