Trust Building
Office | 126,800 SF
Marketing description
Constructed in 1892, the Michigan Trust Building is one of the most iconic structures in Grand Rapids. The building was designed by renowned architect Solon S. Beman, designer of many of Chicago’s landmarks, and it is regarded as one of his major works.
Long considered the most prestigious office address in the City, 40 Pearl has been the site of many important happenings in Grand Rapids’ history; Theodore Roosevelt gave a campaign speech here in 1900 and Gerald R. Ford started his law career here on the 4th floor.
The building has a long and storied history, but the current owner has restored 40 Pearl to ensure that its best years are still ahead. The Trust Building’s awe-inspiring architecture, impressive on-site amenities, and flexible floor plans are as ready to serve your business today as they were 120 years ago.
The building’s location at the center of Grand Rapids’ Business District means that it is literally steps from all that Downtown has to offer, including Grand Rapid’s diverse selection of hotels and restaurants, the Van Andel Arena, GLC Live at 20 Monroe, DeVos Convention Center, The Federal Building, and Kent County Courthouse.
Investment highlights
This is a great opportunity for an owner/partial user to absorb vacancy and leverage the cashflow to reduce occupancy expense.
OR - An investor/developer could take advantage of the nearly 20,000 sq ft of “ready to go” space for an immediate boost to NOI.
The low basis in the property would allow additional investment for better amenities and build out. In the Grand rapids CBD, there is increasing demand for updated, hybrid space that includes amenities.
Tenants in the market will pay more, for better space!!
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