Bedrock has purchased the iconic Cadillac Tower office tower in downtown Detroit.
The Cadillac Tower is a 40-story skyscraper at 65 Cadillac Square. The sales price was not disclosed.
“I’ve long thought that under the right circumstances, given the strategic location of the Cadillac Tower within the downtown core and adjacent to our Monroe site, it would make sense for this property to become part of Bedrock’s continued commitment to making downtown a premier destination,” Bedrock chief executive officer Kofi Bonner said in a statement.
The Cadillac Tower, which encompasses 400,000 square feet of office and retail space, has been listed for sale since 2019.