Dan Gilbert’s Real Estate Firm, Bedrock Purchases Cadillac Tower in Detroit

Dan Gilbert’s real estate firm, Bedrock, recently purchased the 400,000-square-foot Cadillac Tower in downtown Detroit, the Detroit News reported.

Bedrock announced that on Tuesday that the 40-story skyscraper purchase — located at 65 Cadillac Square — was finalized (without releasing the cost) initially reported by Crain’s Detroit Business.

The purchase is one of many for Gilbert’s decade-old firm that has bought up dozens of properties in Detroit’s central business district since opening.

“I’ve long thought that under the right circumstances, given the strategic location of the Cadillac Tower within the downtown core and adjacent to our Monroe site, it would make sense for this property to become part of Bedrock’s continued commitment to making downtown a premier destination,” Bedrock CEO Kofi Bonner said in a statement Tuesday in the article.

Read the full story here.

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