Capitol Park building to serve as satellite location for Kaufman’s network of companies
Farmington Hills, Mich. (April 6, 2021) – A subsidiary of H.W. Kaufman Group, a global network of insurance companies, announced the purchase of 119 State Street in Detroit, located in the Capitol Park Historic District and Detroit Financial District. The building will serve as a downtown satellite location in addition to its headquarters remaining in Farmington Hills, Michigan.
“Our company was founded in Detroit more than 50 years ago. We have been looking for an opportunity to go back to our roots with a downtown location,” said Alan Jay Kaufman, Chairman, President and CEO, H.W. Kaufman Group. “The Kaufman network has more than 60 locations globally and having a location in Detroit again is very important to us.”
Originally constructed in 1887 by famed architect Gordon W. Lloyd, the six-story building features 40,000 square feet of space and a rooftop deck with views of the Detroit skyline and Capitol Park. The building interior was extensively restored and renovated in 2015 by Hannah-Neumann/Smith. Neumann-Smith is the architectural firm who designed and renovated Kaufman’s corporate headquarters in Farmington Hills, Michigan.
Kaufman’s flagship organization, Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, currently has a presence in Detroit with its official partnership with 11-time Stanley Cup Champion Detroit Red Wings. The company’s logo is visible at center ice of Little Caesars Arena.
“This satellite location reflects the pride we feel as a Metro Detroit-based organization,” said Danny Kaufman, Executive Vice President, H.W. Kaufman Group and Chief Operating Officer, Burns & Wilcox. “Expanding on the presence we have through our Detroit partnerships, we look forward to having this location as a destination for outstanding talent, our global insurance businesses, and clients and partners.”
The deal was conducted by Kaufman Real Estate Management team in partnership with Peter Jankowski, Richard Deptula, David Friedman, Jared Friedman and Jordan Friedman of Farmington Hills-based Friedman Real Estate.
About Kaufman Real Estate Management and H.W. Kaufman Group
Kaufman Real Estate Management owns and manages an international real estate portfolio of commercial office properties with a strategic focus placed on regions where H.W. Kaufman Group’s global network of companies operates. The real estate company pursues and acquires Class A office assets, many of which support the continued growth of Kaufman’s specialty insurance offerings.
Kaufman Real Estate also provides lease portfolio management and real estate lifecycle services for more than 60 office locations across the United States, Canada and the United Kingdom, supporting Kaufman’s global network of 14 companies.H.W. Kaufman Group, which has over 60 offices across the United States, Canada, and United Kingdom employs more than 2,000 professionals. Founded in 1969 and headquartered in Metro Detroit, Michigan, H.W. Kaufman Group also includes: Burns & Wilcox, Burns & Wilcox Brokerage, Burns & Wilcox Canada, Atain Insurance Companies, Afirm, Global Excess Partners, RB Jones, Stonemark, Minuteman Adjusters, Kaufman Institute, and London-based, Burns & Wilcox United Kingdom, Chesterfield Insurance Brokers, Lochain Patrick, Cranbrook Underwriting and Node International. More information can be found at www.hwkaufman.com.
About Friedman Real Estate
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage, and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 22,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $20 billion in closed transactions. As owners and managers of commercial property for over 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at www.friedmanrealestate.com and on LinkedIn, Twitter, and Facebook.