DETROIT (Sept. 3, 2026)—Savills brokered the court-supervised sale of Detroit’s historic Leland House, helping position the nationally recognized landmark for its next chapter through an innovative bankruptcy sale process that modernized the traditional auction approach and expanded investor exposure. Vice Chairman and Detroit Market Leader Greg Bockart and Managing Director Addison Williams represented Leland House Limited Partnership in the sale.

Retained by the bankruptcy estate to market the property on behalf of the debtor, Savills developed a customized disposition strategy that departed from the conventional bankruptcy auction model. Following a comprehensive national marketing campaign and court-supervised sale process, the property sold for $3 million to Mudhish Development Company LLC. Approved by the U.S. Bankruptcy Court for the Eastern District of Michigan, the transaction represents an important milestone in the property's nearly 100-year history and creates an opportunity for future reinvestment in one of downtown Detroit’s most recognizable landmarks.

“The Leland House has been an important part of Detroit’s history for generations,” said Luis Ramirez, representative of Leland House Limited Partnership. “Savills brought a thoughtful approach that maximized the property’s exposure and helped achieve a successful outcome while creating an opportunity for this iconic landmark to begin its next chapter.”

By leveraging a technology-enabled sale process, Savills broadened the pool of qualified investors, increased transparency and delivered a modern, competitive approach to marketing a complex bankruptcy asset.

The transaction required extensive coordination among the bankruptcy estate, creditors, legal counsel, prospective purchasers and the U.S. Bankruptcy Court. In addition to managing the court-approved disposition, Savills directed the property’s marketing strategy, investor outreach and auction execution, ensuring a seamless process from launch through closing.

“Our goal was to generate interest from as many qualified buyers as possible,” said Bockart. “By utilizing an online auction platform, we were able to create a competitive marketing campaign and sale process that positioned this iconic property for its successful next chapter, despite its past challenges.”

Listed on the National Register of Historic Places, the Leland House has been part of Detroit’s architectural and cultural fabric for nearly a century. Originally opened in 1927 as the Leland Hotel, the property welcomed business leaders, travelers and dignitaries during Detroit’s industrial rise before evolving into the mixed-use residential landmark known as Leland House. The building has remained an enduring part of the city’s identity, including as the longtime home of the legendary City Club music venue. Following a challenging period that culminated in bankruptcy proceedings, the successful sale creates an opportunity for new ownership to reinvest in one of Detroit’s most storied properties.

The assignment underscores Savills expertise in advising bankruptcy estates, lenders, receivers and other stakeholders on complex court-supervised transactions. By combining institutional capital markets expertise with innovative marketing strategies and technology-driven sale execution, Savills continues to deliver solutions that maximize value while navigating the unique challenges of distressed and special situation assets.