One North Division is a four-story, 300,000-square-foot building located in the Central Business District of downtown Grand Rapids, Michigan. This former department store was renovated by Granger Group into a Class A governmental office building for the State of Michigan in 2002.
Today, approximately 140,000 square feet remains dedicated to the State and Federal government, with 160,000 square feet home to the City of Grand Rapids’ police department.
For the State of Michigan, Granger Group’s delivery of a unique financing solution was the central component of this project. A long-term lease was developed with the State for its 140,000 square feet of leased space. Annual payments from this lease delivered a steady revenue stream that allowed for the placement of bonds, covering the cost of the building and its renovations. This solution allowed Granger Group to essentially give the building back to the City of Grand Rapids at no cost, while providing a guarantee for its structure and ongoing maintenance. The City now enjoys the benefits of transforming a once vacant department store into a 100% occupied, Class A office building with a long-term, stable tenant.
Recently, the State of Michigan re-engaged Granger Group to complete a remodel of 55,000 square feet of space to accommodate three additional court rooms and judges’ chambers for the U.S. Federal Bankruptcy Court. This remodel of the second and third floors, with connecting monumental staircase and highly detailed finishes, was coordinated and delivered on-time and within budget, meeting all of the specifications and requirements of the City of Grand Rapids, the State of Michigan and Federal GSA Services.