Wednesday, May 23, 2018
One of America's Great Newspapers ~ Toledo, Ohio


GM unit buys hotel, parking near firm's HQ

DETROIT — A subsidiary of General Motors Co. has purchased part of a mixed-use commercial property that is across the street from the Renaissance Center, GM's world headquarters in downtown Detroit.

Forest City Enterprises Inc., a Cleveland-based real estate company, announced this week that it had sold the Millender Center's hotel, parking facility, and retail and office space to the GM subsidiary, Riverfront Holdings Inc., for $37.8 million.

A General Motors spokesman said the automaker has not occupied the center's commercial property but has used the parking deck.

GM bought its Renaissance Center headquarters in 2008 for $626 million.

It had leased space since moving into the riverfront complex in 1996.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…