Oxford Co. seals $100m deal

One of the largest real estate companies in Ann Arbor, recently acquired its competitor for $100m- McMullen .

According to Mlive, “The purchase comprises 22 buildings across three office parks for a total of 704,000 square feet.”

Jeff Hauptman, CEO of Oxford Companies said "I've always let him know that if he ever decided to sell, we'd be happy to look at his properties.”

Adding that he has been friends for over a decade with Tom McMullen, CEO, McMullen.

After closing the deal, Hauptman said 'We were in the lead to acquire it along with some other much larger real estate companies. Our advantage was that we knew the market better, understood the properties and were able to get creative with the underlying debt structure.'