Challenge: Thomas Cooley Law School, one of the largest law schools in the country, wanted to acquire an existing building or build-to-suit near the Oakland University campus in Rochester, MI. The challenge was to find or build a building in a campus setting within two miles of Oakland University’s campus. This site would also have to offer the ability to build additional student housing in the future.
Strategy: Colliers’ education services professionals immediately launched an extensive search to identify existing opportunities and build-to-suit options. The school chose to purchase a building formerly owned by the Chrysler Corporation. The school renovated the existing 67,000-square-foot building and constructed an adjacent twin building. The site sits on 67 acres of land that will allow them to build additional housing or parcel for sale.
Result: The client’s timing and future land-use needs were met. This unique property will serve the law school well for many years. Using our proven processes and unmatched negotiating skills, Colliers achieved very favorable financial results for the law school and their facility.