- Associated Press - Wednesday, December 2, 2015

SOUTHFIELD, Mich. (AP) - Lawrence Technological University has purchased a suburban Detroit office complex for more than $3.6 million as it eyes future growth.

The 4,500-student private school says the deal with KLM Ventures LLC includes the Mark Plaza building and its nearly 5-acre site that’s adjacent to the university’s Southfield campus.

Plans call for portions of the building to continue to be leased to outside tenants and it also will become home to a Southfield SmartZone office and a state office.

University President Virinder Moudgil says the campus now totals 107 acres and the building “provides important expansion opportunities.” Long-term, portions of the 92,000-square-foot, three-story building may be used for academic programs and business accelerator space.

Mark Plaza was built in 1969 and 1970. The building was upgraded in 2001.



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