Dan Gilbert's Bedrock continues to expand its Detroit footprint.
The latest: Bedrock on Friday morning announced it acquired the Stroh River building known as 300 River Place near the Detroit River from the Stroh Companies. It is the former headquarters of the Stroh Brewery Company.
The acquisition adds 500,000 square feet of office space, 735 parking spaces and 4.4 acres of developable land to Bedrock’s portfolio.
“The Detroit Riverfront Conservancy and other major stakeholders have done an incredible job of providing an abundance of activity and growth along the riverfront,” said Kofi Bonner, CEO Kofi Bonner says in a statement. “We are excited to formally join the Riverfront community and expand on their efforts to make Detroit’s Riverwalk one of the city’s most memorable places for families to gather, friends to play and people to work.”
John Stroh III, Chairman and CEO of The Stroh Companies, also issues a statement:
“The Stroh family has been an integral part of Detroit’s business community since 1850. Our family is proud of the presence we have created along the east riverfront these past 40 years. I am delighted that Bedrock has decided to acquire Stroh River Place and continue the legacy we built."
Current tentants of include the Associated Press, Belle Isle Conservancy, Michigan Minority Contractors and the federal General Services Administration.