PONTIAC, MICH. — Sperry Van Ness (SVN) has completed the sale of Ottawa Tower, a vacant, nine-story office building located at 51111 Woodward Ave. in Pontiac, for $1.35 million. The 250,000-square-foot building is situated on 1.77 acres, and features fiber optics, a fitness center, adjacent garage parking, full loading dock facilities, high-speed elevators, and individual heating and cooling zones. The building was formerly occupied by General Motors, and has been vacant for the past 5 years. Robert Pliska of the Birmingham, Mich., office of SVN, along with Michael Dudash of Troy, Mich.-based Hayman Cos. represented the seller, Grand Rapids, Mich.-based Ottawa Tower Ventures. Harry Altick of SVN’s Greenbrae, Calif., office represented the buyer, a private San Francisco-based investor. The new owner is planning minor improvements to the property to position it as a turnkey lease opportunity for a prospective tenant.
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