The former Huntington Bank office at 10717 Adams St. in Holland Township. The former Huntington Bank office at 10717 Adams St. in Holland Township. COURTESY PHOTO

Family Church buys former Huntington Bank HQ in Holland Township for $7M

BY Tuesday, September 20, 2022 01:01pm

EDITOR’S NOTE: This story was updated with comments from JLL Senior Vice President Jeff Karger.

HOLLAND TWP. — A West Michigan church is expanding after recently purchasing a large former Huntington Bank headquarters in Holland Township for $7 million.

Family Church, which has locations in Zeeland and Holland, acquired the 132,127-square-foot office building located at 10717 Adams St. on Aug. 9, according to property records. Doing business as Church Holdings Inc., Family Church purchased the three-story building from Charlotte, N.C.-based Arrowpoint Capital. 

Constructed in 1992, the former bank headquarters sits on 41.7 acres. The property features a large parking lot, fitness center, cafeteria, conference rooms, security offices and a loading dock. 

Family Church plans to use the first floor of the building for a sanctuary worship space and fellowship, while the upper floor will be used as an educational space. Plans for the building’s lower level have not yet been determined, but it could include a daycare and preschool. 

Family Church plans to begin services at the new building in 2023.

“We’re thrilled to be opening a third location at this building, where we have the flexibility to make it exactly what we want and need,” Family Church Lead Pastor Adam Grill said in a statement. “This is an incredible opportunity to support our growth and continue to be of service to the West Michigan community. We are ready for this next step in our journey and are prepared to create a welcoming and enticing space for everyone.”

JLL Inc. Senior Vice President Jeff Karger represented Arrowpoint Capital in the sale. Karger noted that the sale represents another example of an adaptive reuse of a large office building in the West Michigan market. The building is one of the largest in Holland Township.

“I think there will be more adaptive reuse developments on both urban as well as suburban office buildings, specifically ones of great size such as this,” Karger told MiBiz. “With buildings that are former headquarters, I think to move the properties they will more than likely have to have a change of use.”

Originally constructed as the headquarters of the former First Merchants Bank, the property transferred to Huntington following its acquisition of First Merchants. Huntington entered into a leaseback of the property with its investors that expired at the end of 2020, after which the property became vacant and Arrowpoint Capital assumed ownership of the property, Karger explained.

The building will likely come off the tax rolls since it was bought by a church, which township officials would have to consider if the church applies for variances for future projects on the site, Karger noted.

“I think they are still interested in the building being used as opposed to it sitting vacant,” Karger said. “They have to weigh the pros and cons.”

Meanwhile, high construction costs have largely slowed activity on adaptive reuse projects. However, a former AT&T call center in the city of Wyoming will be converted into 68 apartment units, as MiBiz previously reported. Affordable housing developers Thomas Ralston, Nick Lovelace and nonprofit housing organization Dwelling Place are leading the $32 million Union Suites on Michael project at 3566 Michael Ave.

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Read 3322 times Last modified on Tuesday, 20 September 2022 13:45