Bedrock Announces Acquisition of Corktown Lofts

Corktown Lofts includes loft-style office space, 2 warehouses and parking lots

January 13, 2016 [DETROIT]Bedrock Real Estate Services today announced the acquisition of Corktown Lofts which contains a four-story loft-style office building, two warehouses and two surface lots totaling approximately 178,500 square feet. The properties are located in the Corktown neighborhood and front both W. Fort Street and W. Lafayette Boulevard, a short distance from the state-of-the-art Quicken Loans Technology Center located at 1401 Rosa Parks Blvd.

The buildings will provide key mixed-use space in the flourishing Corktown neighborhood which continues to attract unique and innovative entrepreneurial companies, artists, and cool, new restaurants and living spaces. Current tenants at Corktown Lofts include award-winning creative content studio Pluto Post Productions and photographer, artist and collector Lisa Spindler.

“This acquisition presents creative redevelopment opportunities for us in a vibrant, growing area,” said Jim Ketai, Managing Partner and CEO of Bedrock Real Estate Services. “Anyone who has visited Corktown recently has experienced its wonderful energy. We have already received interest from potential new tenants looking to locate their offices downtown in this type of open, collaborative space.”

Corktown Lofts (3 Buildings + 2 Surface Lots)

*1700 W. Fort Street

*Facing both W. Fort Street and W. Lafayette Boulevard between Rosa Parks Boulevard and 10th Street, within blocks of the Quicken Loans Technology Center
-4-stories of loft-style office space
-160,000 square feet
-Approximately 50 underground parking spaces

*2 Warehouses
-18,000 square feet

*2 Surface Lots

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About Bedrock Real Estate Services
Detroit-based Bedrock Real Estate Services is a full-service real estate firm specializing in acquiring, leasing, financing, developing and managing commercial and residential space. Since its founding in 2011, Bedrock has located more than 150 office and retail tenants to Detroit’s technology-centric downtown. In addition, Bedrock and its affiliates have invested nearly $2.2 billion in acquiring, renovating and developing 80+ properties in downtown Detroit totaling nearly 14 million square feet.

For more information, visit www.bedrockmgt.com or engage with us on Twitter @BedrockRES and Facebook.

Contact:

Robin Schwartz
For Bedrock Real Estate Services
(313) 373-6533
robinschwartz@bedrockmgt.com