Triad Real Estate Partners & Colliers International have been retained on an exclusive basis for the sale of a 11.14 acre Qualified Opportunity Zone development site at Research Park Drive, Ann Arbor, MI 48108
The property sits in the Ann Arbor Research Park and consists of four parcels, available separately or together. Other research park tenants include Mercedes-Benz Research & Development, Zoller Inc., Subaru Research & Development, American Honda Emission Lab, Gift of Life, Eversight, Datastat, and the US Social Security Administration.
This location is just a half mile to the State Street exit of I-94 and 3 miles to the University of Michigan.
Ann Arbor, Michigan, was founded in 1824 - named for the wives of its two founders and the surrounding stands of oak trees. The future of the nascent village would change dramatically when the University of Michigan relocated to Ann Arbor in 1837. The two have been inextricably intertwined since, with the city’s economy driven primarily by the thriving education, research, and healthcare sectors the presence of world-class research university provides. The City of Ann Arbor has a population of over 122,000 and is also the county seat of Washtenaw County, which incorporates the entire Ann Arbor-MSA, and has a population of 367,607.
The local economy is buoyed by the 30,000-plus jobs created by the area’s two largest employers - U of M and the U of M Health Systems - but there is also a burgeoning tech scene. Almost a decade ago, the arrival of internet-behemoth Google marked a watershed moment for the Ann Arbor technology sector. Google is now in the process of creating a brand new, 140,000-square-foot, Google campus just north of U of M’s North Campus. The project is slated for a late 2016 completion and will be adjacent to the North Campus Research Complex (NCRC). The NCRC is a sprawling 28 building, 2.2 million square foot research and innovation campus the University purchased from Pfizer in 2009. The NCRC currently employs more than 2,000 people, with the intention to add another 1,000 over the coming five years.