Detroit — The Compuware Building downtown is getting a new name. But no one knows what it is yet.
The Dan Gilbert-owned Bedrock Real Estate Services, which recently bought the iconic building in Campus Martius with Detroit-based Meridian Health, said Friday a new name is in the works.
“A new name for the building has not been selected, yet,” said Robin Schwartz, a Bedrock spokeswoman, in an email. “As always, we will put a great deal of thought and care into making that decision.”
In November, Bedrock and Meridian signed a purchasing agreement for the building; the deal closed Wednesday.
“The Compuware Building is more than a landmark building in the heart of the city’s thriving technology and central business district — it was built by Peter Karmanos and Compuware to serve as the symbol that would launch a new Detroit, and that’s exactly what it did,” said Gilbert, chairman and founder of Rock Ventures and Quicken Loans, in a statement.
“This latest investment allows us to join with partners like Meridian and the Cotton family to continue building our shared vision of helping lead the creation of one of the most exciting, dynamic and opportunity-filled urban corridors in the nation along historic Woodward Avenue right here in downtown Detroit. What an energizing way to start the new year. I am feeling like we are just getting started.”
Compuware headquarters is expected to occupy about 130,000 square feet, while Meridian will initially occupy four floors encompassing 240,000 square feet with plans to expand to five floors. The health company will relocate about 700 workers to Detroit by spring 2015 with plans to expand to 2,000 employees by 2019.
Quicken Loans will maintain its headquarters in the building and add a floor for a total presence of five floors and 300,000 square feet, Bedrock said.
Compuware employs about 1,200 workers in Detroit and about 3,000 worldwide. The company last month was sold to Chicago-based private equity investment firm Thoma Bravo LLC for a deal worth $2.4 billion.
Compuware will be split into two separate companies: the mainframe software business Compuware that has been the backbone of the company; and Dynatrace, which is focused on real-time software management and maintenance.
Then-Compuware CEO Peter Karmanos moved the tech firm into the Compuware Building near Detroit’s Campus Martius in 2003.