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DETROIT-Construction Firm Walbridge Aldinger has leased two floors at the 777 Woodward Ave. office building, also known as One Kennedy Square, for its new headquarters. The company is taking 50,000 sf, and has sold its former building on Abbott Street and Bagley Avenue in Detroit to Legal Aid and Defender Association Inc, a legal services agency.

A spokeswoman for the company tells GlobeSt.com that the firm didn’t really expand in size. “We’ve hired a few more people, but our former building was about 50,000 sf,” she says. She would not divulge the price of the sale. The company has 200 employees at the new site.

John Rakolta Jr., chairman and CEO, says his employees are excited to be closer to the heart of Downtown Detroit. “With this move, we emphasize our continual commitment to being a Detroit-based business.” The company did not divulge the lease rate for the deal. The average office lease rate in the CBD is $24.61 per sf, according to a first quarter report by Grubb & Ellis.

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