CBRE|Martin closed the sale of Brook Lodge in Lansing, Michigan, on behalf of Michigan State University. The former hotel and conference center sold to an out-of-state buyer for the full asking price.
CBRE|Martin’s Van Martin, chairman and chief executive officer, and Stephen Hershfield, associate, represented MSU in the sale.
The grounds consist of 82.6 acres. While Brook Lodge ceased operations in 2012, CBRE|Martin attracted a buyer who had a clear vision for the property and embraced its heritage.
In 2000, MSU acquired the property and it became a part of the University’s Housing and Food Service Division. MSU used the property for conferences and education purposes, and later rented out the grounds as a popular wedding venue.
Prior to MSU’s acquisition of Brook Lodge, the property served as a conference center for Upjohn Company employees. In 1895, it was a private, 40-acre dairy farm, purchased by Dr. William Upjohn, for use as a family vacation property. After Dr. Upjohn’s passing, the Upjohn Company purchased Brook Lodge from the family’s estate.