Located at the corner of E. Lenawee Street and S. Grand Avenue in Downtown Lansing, the former Lansing State Journal building is a landmark redevelopment property. In 2016 the Lansing State Journal relocated to the Knapp’s Centre owned and managed by The Eyde Company who purchased 120 E. Lenawee Street the year prior. The Eyde Company recently hired NAI Mid-Michigan’s Frank Woronoff and Ryan Shapiro to list the building for sale focused on redevelopment opportunities.
“We are excited to be involved with marketing and repositioning the property. The size and scale of future site redevelopment within the heart of Lansing’s Central Business District and part of Lansing’ picturesque skyline will further add to the city’s appeal,” said Frank Woronoff, Commercial Advisor Investment Specialist. “Located in an Opportunity Zone, this site has terrific potential for investors and developers of multifamily executive lofts or independent living residences with five-star amenities as well as for corporate occupiers.”
The Lansing State Journal was headquartered on Lenawee Street from 1951 to 2016. The building is 92,299 square feet, and once included printing presses. Some iconic fixtures of the building are the tiled state seal in the main lobby and the 5-foot-wide slice of “The Ancient Tree,” a 137-year-old oak tree that was cut down in 1949 to make way for LSJ’s headquarters. The tree slice hangs in a frame above the staircase over the main lobby. We believe these fixtures shall be preserved and remain a part any future development project.
For more images and information visit our featured property page https://buildout.com/website/120-e-lenawee-st-lansing
About NAI Mid-Michigan
Comprised of more than 30 real estate professionals, NAI Mid-Michigan is the best choice in commercial real estate firms in Mid-Michigan delivering clients a formidable package of office, retail, industrial, land and multi-family services and a direct pipeline to the area’s largest inventory of commercial property. NAI Mid-Michigan provides brokerage, investment properties, development and construction, property management, corporate and institutional services and property valuations supported by in-depth market intelligence. NAI’s global network is the single largest, most powerful owner-operated commercial real estate brokerage firm in the world. Located in 36 countries, with more than 375 offices and over $20 billion in commercial real estate transactions annually we’re all actively managed to perform for you.