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Bank One Tower Sold to Kojaian Cos.

TROY, MI-The 14-story, 181,000-sf building is too large for the Chicago-based bank to keep running after consolidations. Although the purchase price was not disclosed, the building is believed to be worth about $24 million.

By Robert Carr | Updated on May 17, 2001

TROY, MI-The Bank One Corp. is selling the 14-story Bank One Tower building to Kojaian Cos. of Bloomfield Hills. The 181,000-sf building is located on Tower Drive off of Crooks Road, near I-75. The Tower building is one of the first high-rise buildings in the area. Built in 1974, it was purchased by Bank One in 1983.

Mary Kay Bean, vice president and director of media relations for the Chicago-based bank, says the company needed to unload the tower.

“We made some consolidations, and realized that we didn’t need that much space that the building offers,” Bean says. “We like the Troy area, but the building was just too large.”

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