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Meadowbrook Insurance to Build New HQ

SOUTHFIELD, MI-Meadowbrook Insurance Group says it will build a new 160,000-sf building to serve as its headquarters. The company will occupy about half of that space, leasing out the rest.

By Dan Heaton | Updated on October 15, 2003

SOUTHFIELD, MI-Meadowbrook Insurance Group Inc. will build a new corporate headquarters on land owned by the company and located here. Meadowbrook says it will use approximately 50% of the 160,000-sf facility. Groundbreaking for Phase I of the project will occur sometime later this month, with an estimated completion targeted for September 2004.

“Over the decades, Meadowbrook has evolved from a small retail agency into a nationally recognized risk management company,” says Meadowbrook chairman and founder Merton J. Segal. “This new building symbolizes Meadowbrook’s continued strength, the confidence in our industry position and in our future growth.”

“We have spent considerable time assessing our options and various locations to realize the most financial and efficient results,” says Meadowbrook president and CEO Robert S. Cubbin. “This decision represents the most cost-effective and efficient use of Meadowbrook’s resources due to current low interest rates and stable building costs.”

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