九色

Southfield, Mich.-based announced that the board of directors of the company has approved a plan to build a new corporate headquarters on land owned by the company and also located in Southfield.

“Over the decades, Meadowbrook has evolved from a small retail agency into a nationally recognized risk management company,” Meadowbrook Chairman and Founder Merton J. Segal said in a statement. “This new building symbolizes Meadowbrook’s continued strength, the confidence in our industry position and in our future growth.”

Meadowbrook will utilize about 50 percent of the 160,000 square-foot facility. Groundbreaking for phase I of the project will occur sometime in late October 2003, with an estimated completion targeted for September 2004.

Meadowbrook is a program-based risk management company, specializing in alternative risk management solutions for agents, brokers, and insureds of all sizes.