Western Michigan University Acquires 200 Ionia Avenue Southwest Multifamily For $11.45M

Western Michigan University (WMU) has acquired the downtown Grand Rapids building at 200 Ionia Ave. SW, where it has been operating for over two decades, in one of the city's significant commercial real estate transactions of the year. The university purchased the building from 200 Ionia Associates LLC for $11.45 million.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,450,000
• Date: 10/20/2023
• Address: 200 Ionia Avenue Southwest, Grand Rapids, MI
• Market: Grand Rapids, MI
• Buyer: Edward Montgomery - Western Michigan University
• Seller: Charlie Secchia - 200 Ionia Associates LLC

Edward Montgomery from Western Michigan University and Charlie Secchia from 200 Ionia Associates LLC were the key individuals involved in this transaction.