The company is in charge of the Palace of Auburn Hills, home of the Detroit Pistons. The two-acre site will be revamped into office space for the company, says Jeff Corey, a spokesman for Palace Sports. The site also includes the University Racquet and Health Club, which will stay, Corey says.
"Over the years we've had many satellite offices for our personnel. We've grown to 300 employees in the last 10 years, and we need more space," Corey says. Renovations will begin at the end of this year. The purchase price for the property and a prediction of renovation cost were not released
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.