Metro-Detroit's 2010 Top Leases

Posted on December 26, 2010

Top leases

While the metro Detroit office market saw few new office tenants, there were major leases signed in 2010. Here are the top five:

1. Blue Cross Blue Shield of Michigan
Size: 465,000 square feet

Moved to: Renaissance Center, Detroit

Moved from: 26900 through 27300 W. 11 Mile Road, Southfield

Significance: Moving 3,000 jobs out of Southfield and into downtown Detroit is expected to create an economic boost for the city.

2. Quicken Loans Inc.
Size: 244,000 square feet

Moved to: Compuware Building, Detroit

Moved from: 20555 Victor Parkway, Livonia

Significance: Expected to be the first of several moves by Quicken to the city.

3. R.L. Polk
Size: 138,000 square feet

Moved to: Travelers Tower II, Southfield

Moved from: First Center Building, Southfield

Significance: The 340,000-square-foot building has been vacant for two years and now is 40 percent occupied.

4. International Automotive Components
Size: 114,000 square feet

Moved to: 28333 Telegraph Road, Southfield

Moved from: 5300 Auto Club Drive, Dearborn

Significance: The deal puts IAC in its own building and gives new life to the vacant building near I-696 on Telegraph Road.

5. Internal Revenue Service
Size: 81,000 square feet

Moved to: Comerica Tower, Detroit

Moved from: McNamara Federal Building, Detroit

Significance: The deal helped create some positive momentum for the 1 million-square-foot building in Detroit that has lost tenants since 2007. A 10,000-square-foot lease and 25,000-square-foot renewal followed the deal.