Compuware was considering liquidating some of their real estate assets to allow them to leverage those funds in growing their business. As a result, they had decided to pursue a sale of their corporate headquarters, One Campus Martius in Detroit, Michigan, while still being committed to maintaining a significant presence in the city.
The RESGroup team was hired by Compuware to assist in the selection of a national real estate brokerage firm to represent them in the potential transaction. After retention of the brokerage firm, RESGroup continued to provide guidance on the implications of various financial offers to purchase the building as well as comments on lease terms for leasing back a portion of the space in the building from the buyer. RESGroup also provided recommendations for potential next steps throughout the negotiation process. Ultimately, Compuware agreed to a sale of the property in connection with a leaseback of a significant portion of the building, which remains their corporate headquarters.