"We also have a right of first refusal for two additional floors," Fitzgerald adds.

He couldn't reveal terms of the lease, but did add the deal was coupled with the sale of two of the company's current buildings, at 751 Griswold and 141 W. Lafayette. Those properties are being sold to BOSC, he says, for an undisclosed amount.

The 105,000 sf in The Dime Building is expected to house H&R Block Financial Advisors' operational headquarters. In addition, plans provide for a retail tax office in the lobby and a company retail office on the mezzanine level. Expected occupancy will begin in May 2002.

The 365,000-sf building underwent a $40-million renovation last year, with construction paid for through private funds.

The facility was known as the Dime Savings Bank Building at its inception, then One Kennedy Square and, while undergoing renovation, Griswold Place. Every square foot of The Dime Building was restored, renovated or remodeled with the most up-to-date technology, while at the same time, preserving the building's classic design, according to the BOSC Group Inc.

"This new building has the amenities that our organization needs," Fitzgerald says. "We want to improve opportunities for our employees, and build our reputation as the nation's tax and financial partner."

To date, The Dime Building has attracted a number of office and retail tenants from the city and the suburbs, including Plante & Moran, Barton Malow, Trammell Crow, Gradepoint, Hartford Insurance, AAA Michigan, The Greater Downtown Partnership and several food outlets.

Erected in 1913, the building was designed by renowned architect Daniel Burnham, known as the father of the modern skyscraper. Located at the intersection of Fort and Griswold, the building is in the heart of Downtown Detroit's Central Business District and is directly across from the Campus Martius development and the new Compuware corporate headquarters.

The building renovation was funded by an owner partnership that includes the Steinhardt Group, a prominent New York investment fund, as well as other private investors. The project is the cooperative result of many organizations, including the Detroit Economic Growth Corp., the Downtown Development Authority, Wayne County and the City of Detroit. Other entities involved include GMAC Commercial Mortgage Corp., Parliament/Sachse Construction Co., Barton Malow Design, Plante & Moran, LLPand Trammell Crow.

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