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DETROIT-The state has sold the Michigan Executive Plaza Building Downtown to the Boji Group LLC. The 620,000-sf building on 9.5 acres traded for $12.5 million, according to the state’s Department of Management and Budget.

Boji is a Michigan real estate and property management company with an office in Lansing and in the metro area in West Bloomfield Township. The sale closed on Dec. 12.

According to the state, Boji is planning on using the building for office space or lodging. The state adds the other bidder on the project was Trenton, MI-based Danou Enterprises Inc., which made a bid of $6.3 to $13.9 million, contingent on a variety of factors.

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