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Bedrock Acquires Detroit Riverfront Complex from Stroh Cos.

Bedrock has acquired 300 River Pl. on the Detroit riverfront from The Stroh Companies, Inc. Originally developed between 1928 and 1939 as part of Parke Davis’ research facilities, River Place Portfolio acquisition adds 500,000 square feet of office space, 735 parking spaces and approximately 4.4 acres of developable land to Bedrock’s growing footprint.

“This acquisition puts us in a position to provide a unique offering relative to our existing portfolio, and provides tenants interested in the city of Detroit with direct access to a district where we see a lot of potential,” said Sam Hamburger, VP of acquisitions at Detroit-based Bedrock.

He added, “This acquisition leverages years of hard work by the Stroh Family, the Detroit Riverfront Conservancy, and other stakeholders, and includes multiple assets that we will utilize to further our mission, focused on Detroit’s riverfront.”

CBRE’s Anne Galbraith Kohn represented the Stroh Companies in this transaction.

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BedrockCBRE’s Galbraith Kohn

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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