A developer has acquired an 80,000-square-foot office building in the region.
Portage-based Hinman purchased the Fifth Third Bank Building in downtown Kalamazoo, at 136 E. Michigan Ave., from Fifth Third Bank for an undisclosed price.
Hinman will oversee management and leasing of the 15-story building.
Fifth Third Bank will continue to be a major tenant.
“Having been invested in downtown Kalamazoo for many decades, we are proud to bring this iconic building into our portfolio,” said Roger Hinman, CEO, Hinman.
“The building will remain a multi-tenant office building for the long-term.”
Built in 1929, the art deco-style building was designed by Weary and Alford of Chicago.
Originally constructed for the Kalamazoo Trust and Savings Bank, the building has been under the ownership of the American National Bank, Old Kent Bank and more recently Fifth Third Bank.