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“Ann Arbor Icon” Now Has Ann Arbor Owner
Oxford Companies has acquired 777 E. Eisenhower Pkwy. in its hometown of Ann Arbor, MI. The 10-story, 290,000-square-foot building is among the city’s highest-profile office properties. Seller and pricing were not disclosed.
The acquisition extends Oxford’s portfolio to 2.5 million square feet, including 1.875 million square feet on Ann Arbor’s southside alone. Oxford will retain all leasing, property management and design/build services on 777 E. Eisenhower with its in-house divisions.
“Although 777 is an Ann Arbor icon, it has never had an Ann Arbor owner,” said Jeff Hauptman, Oxford’s founder and CEO. “Oxford is dedicated to Ann Arbor, and our vision for 777 extends beyond the building itself. We see an opportunity to improve the entire State-Eisenhower corridor to become more pedestrian-friendly and less car-centric—transforming Ann Arbor’s southside into the alternative to downtown.”
Oxford expects to invest about $10 million into building improvements at 777 E. Eisenhower.
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- ◦Sale/Acquisition
