Broder & Sachse Real Estate Services, Inc., recently purchased 440 East Congress, an 80,000-square-foot downtown Detroit office building and parking structure.
The purchase is Broder & Sachse’s second project in Detroit. Currently, the five-story building is partially occupied with seven tenants, including the law firm Keller Thoma and Neighborhood Legal Services Michigan. The 90-year-old building was renovated in the 1980s.
Broder & Sachse will work with contractor Sachse Construction and architect Neumann/Smith Architecture to revamp the common area, exteriors and tenant space. Friedman Integrated Real Estate Solutions will lease the space.
“We believe in Detroit and want to be an active participant in helping to rebuild the Motor City,” said Richard Broder, chief executive officer of Broder & Sachse Real Estate Services. “Many exciting development projects are in the works, especially along the Woodward Avenuecorridor. We felt it was a perfect time to grow our investments in Detroit.”