rss icon

Monday, 01 December 2014 15:39

CWD Real Estate Investment purchases the Calder Plaza Building

Written by  MiBiz Staff
Rate this item
(1 Vote)
Calder Plaza Building Calder Plaza Building COURTESY PHOTO

Downtown Grand Rapids' Calder Plaza Building has a new owner.

CWD Real Estate Investment earlier today announced that it has purchased the 10-story, 153,000-square-foot building, located at 250 Monroe Ave. NW in downtown Grand Rapids. CWD made the purchase from the building's previous owner, Calder Plaza Investors, for an undisclosed amount of money.

CWD is evaluating the Calder Plaza Building and working to develop renovation plans that will begin within the next year, according to the official news release.

“Reinvestment in this significant downtown asset will help ensure a stable and active urban core, which is critically important both for current and future tenants, as well as for our community," CWD managing partner Scott Wierda said in a statement. “It’s a great building that has been well maintained. We are very enthusiastic about its future.”

CWD's portfolio now includes 17 downtown area properties, totaling 2.7 million square feet of commercial real estate. It consists of a 50-50 mix of urban offices in Grand Rapids and suburban retail assets throughout Kent County.

Read 1805 times Last modified on Wednesday, 03 December 2014 16:32

Breaking News

October 2018
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Follow MiBiz