DETROIT
05/02/2013 11:23 am ET Updated Jul 02, 2013

Capitol Park's Griswold Building Just Sold; Is A Birmingham Construction Company The Buyer?

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In Capitol Park, the venerable Griswold Building has found a new owner. Designed by Albert Kahn, the Griswold first opened its doors in 1927 as an office building. By the mid-'80s, however, the building's interior had been reconfigured into 127 units of senior housing. That's where she remains today, offering her tenants a great third floor balcony from which to view Capitol Park.

There's a lot of confusion as to who the buyer might be. A March 25th press release from Friedman (the broker) doesn't divulge a buyer, but it appears an earlier version of that press release mentioned Birmingham-based Sachse Construction as the big buyer.

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