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Bridgewater Place purchase is Calif. firm's first foray into Michigan | Business

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Bridgewater Place purchase is Calif. firm's first foray into Michigan
Bridgewater Place purchase is Calif. firm's first foray into Michigan

When completed, the planned purchased of Bridgewater Place, one of Grand Rapids' largest office buildings, will be California investment company Hertz Investment Group's inaugural foray into the Michigan investment real estate market.

The 17-story building (333 Bridge St. NW), known for its sea blue mirrored-tile exterior that rises along the Grand River, was a foreclosed property with GMAC Mortgage and will be sold for an undisclosed price, says Michael Visser of Colliers International. Visser assisted Colin Kraay, the lead sales manager in the transaction -- a process that began in 2010 with marketing the building nationally.
 

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