Detroit Office Tower Sells for $156M

The 203,000-square-foot Huntington Tower in downtown Detroit changed hands for $156 million, as first reported by Crain’s Detroit Business. This is the largest office deal on record in Greater Detroit, according to the publication.

The previous owner of the 21-story office property was The Herrick Co., which acquired in 2023, soon after its completion the year before. The firm had paid $150 million for the Class A asset, according to Yardi Matrix data.

Colliers Senior Vice President Raymond Jonna, who is a net lease specialist at the company’s Birmingham, Mich., office brokered the deal, representing both parties.

Class A office tower in Detroit’s CBD

The tower includes 10 floors of office space at 2025 Woodward Ave., across from Comerica Park, home field of the Detroit Tigers. There are also 10 levels of parking under the office floors, a bank on the ground floor and collaborative workspaces. The office space features raised floor systems and reconfigurable walls.

The building is distinctive for utilizing post-tensioned concrete, a first in Detroit, noted building designer Neumann/Smith Architecture. The construction method allows for 9-inch-thick floor slabs, which means space savings of more than 2 feet per floor, or nearly 22 feet in overall height. Amenities include an on-site cafe and multi-level rooftop terrace. Huntington Bancshares, a regional bank, leases the property.

Detroit office fundamentals trend positive

The metro Detroit office market ended 2025 in better shape than in a number of years, with vacancy stable and absorption coming in at more than 1.3 million square feet, Colliers reports. Vacancy during the fourth quarter of 2025 was 12.5 percent, unchanged over the quarter and below the national average of 14.1 percent.

Meanwhile, net absorption in the market reached nearly 1.4 million square feet, offsetting two negative quarters earlier in the year and bringing annual absorption to 1.3 million square feet for Detroit in 2025, the same report found. Leasing activity for the year totaled more than 4.3 million square feet, with Class B suburban properties driving demand.

On the construction side, Detroit had some 1.2 million square feet in the development pipeline at the end of 2025, while office completions amounted to 2.1 million square feet.

The quarter’s deliveries included the office component of Hudson’s Detroit, a 1.5 million-square-foot mixed-use development. The 12-story, 558,000-square-foot building is anchored by General Motors.