SOUTHFIELD, Mich. – Lawrence Technological University has purchased the Mark Plaza building and its nearly five-acre site at 21411-21415 Civic Center Drive in Southfield from KLM Ventures LLC. Portions of the building will continue to be leased to outside tenants and will also become home to the Southfield SmartZone and Southfield Michigan Works! offices.
The purchase price of the property was $3,650,000. Ultimately, portions of the 92,000-square-foot, three-story building may be used for academic programs and business accelerator space at the 4,500-student private university.
Mark Plaza was built in two phases in 1969 and 1970. The building was upgraded in 2001.
“Purchasing this building provides important expansion opportunities for LTU,” said Lawrence Tech President Virinder Moudgil. “The building and its acreage are immediately adjacent to our campus, which now totals 107 acres. The University is somewhat landlocked, and it would have been difficult to grow without acquiring the Mark Plaza property.”
In September, LTU dedicated a new $11 million, 150-student campus residence hall named for longtime trustee chairman and former GM president, Lloyd E. Reuss. In late summer 2016, the University will open its $55 million Taubman Complex housing architecture, engineering, biomedical, and STEM programs. Lawrence Tech’s new Detroit Center for Design + Technology on Woodward Avenue in Detroit’s Midtown opened Oct. 30.
Lawrence Technological University, www.ltu.edu, is a private university founded in 1932 that offers more than 100 programs through the doctoral level in Colleges of Architecture and Design, Arts and Sciences, Engineering, and Management. The Brookings Institution ranks Lawrence Tech fifth nationwide for boosting graduates’ earning power, PayScale lists it in the nation’s top 10 percent of universities for graduates’ salaries, and U.S. News and World Report places it in the top tier of best Midwestern universities. Students benefit from small class sizes and a real-world, hands-on, “theory and practice” education with an emphasis on leadership. Activities on Lawrence Tech’s 107-acre campus in Southfield, Michigan, include over 60 student organizations and NAIA varsity sports.
Eric Pope
Managing Editor, University News Bureau
Lawrence Technological University
(248) 204-2210
(313) 505-6508 (cell)
The Maccabees Center has received The Outstanding Building of the Year Award (TOBY) ) in its local 250,000 – 499,999 square foot office building category. Presented by the Building Owners and Managers Association of Metropolitan Detroit (BOMA), this is the most prestigious and comprehensive program of its kind in the commercial real estate industry, recognizing quality and awarding excellence in property management. All facets of a property’s operations are thoroughly evaluated during the judging process, including image, amenities, tenant relations programs, community involvement, emergency preparedness, security standards and continuing education for management personnel.
SOUTHFIELD, Mich. – University of Michigan Professor Alan Deardorff will speak on “The Trans-Pacific Partnership: Pros & Cons” for the sixth annual Harold Hotelling Memorial Lecture on Thursday, Nov. 5, at 7 p.m. at Lawrence Technological University, 21000 West 10 Mile Road, Southfield.
SOUTHFIELD, Mich. – Lawrence Technological University held a dedication ceremony on Sept. 28 for its third residence hall, which has been named in honor of Lloyd Reuss of Bloomfield Hills.
SOUTHFIELD, Mich. – “The Future of Transportation: Roads, Bridges and Transit” is the topic of this year’s President’s Symposium at Lawrence Technological University on Tuesday, Sept. 22, at 7 p.m.