New York-based real estate investment banking firm Chesterfield Faring has announced a refinance of the Wickfield Center of Ann Arbor, MI, former corporate headquarters of the bankrupt and liquidated national bookseller chain Borders.
The refinance is in support of a bustling market in the former HQ’s space. The two-building complex, sporting a total of 330,000 square feet of rentable space, was sold to Hughes Properties earlier this year by Colliers International, who has been retained to list the available rental space. The South Ann Arbor property has major tenants in Gold Star Mortgage, who is renting 68,000 sq. ft. Colliers itself also rented 16,000 sq. ft to Prime Research, a strategic communication research firm.