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Ann Arbor development firm buys the Blodgett Building on Ionia


GRDadof3

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Cabrio buys interest in Grand Rapids offices

A newly formed commercial real estate firm in Ann Arbor led a group of investors that just bought a stake in a 121-year-old Grand Rapids office building.

The Blodgett Building has a market value of more than $6 million. It's the first acquisition for The Cabrio Group, which was formed in the first quarter of this year.

This comes on the heels of a different Ann Arbor outfit purchasing the Ledyard and Trust Buildings last year. According to the article, Sam Cummings hopes that the raised capital will allow him to work on other projects in the pipeline.

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This comes on the heels of a different Ann Arbor outfit purchasing the Ledyard and Trust Buildings last year. According to the article, Sam Cummings hopes that the raised capital will allow him to work on other projects in the pipeline.
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