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Perrigo breaks ground on new Grand Rapids headquarters
Updated Apr 15, 2021;
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GRAND RAPIDS, MI Perrigo hosted a ceremonial groundbreaking Wednesday for its new North American corporate headquarters along the Medical Mile in downtown Grand Rapids.
The generic pharmaceutical and self care company is leasing the top three floors at a new building under construction adjacent to Michigan State University’s Grand Rapids Research Center at the corner of Michigan Street NW and Monroe Avenue NW.
The 125,000 square foot building is being built by Health Innovation Partners, a joint venture between Grand Rapids-based Rockford Construction, MB Real Estate, Walsh Construction/Walsh Investors. The structure, which is expected to be complete next year, is slated to house 170 Perrigo employees.
Perrigo’s request for tax exemptions valued at $4.1M over 12 years
Updated Jan 12, 2021;
Posted Jan 12, 2021
Perrigo Company, shown in this 2015 file photo, is seeking tax exemptions from the city of Grand Rapids. (MLive file photo)KALAMAZOO GAZETTE
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The tax exemptions are valued at $4.1 million over 12 years.
Perrigo announced its plans for its new North American corporate headquarters in October. It would be located in the top three floors of a yet-to-be constructed 10-story building adjacent to Michigan State University’s Grand Rapids Research Center, 400 Monroe Ave. NW.
“Over the 12-year incentive agreement, we estimate that the company may realize up to $4.1M savings on an estimated $11.4M of property taxes due for this performance-based incentive over the term of the lease,” city Economic Development Director Jeremiah Gracia said in an email.