Construction Underway On New, Detroit-Based Quicken Loans Technology Center

DETROIT, May 20, 2014 /PRNewswire/ -- Quicken Loans Inc. and Bedrock Real Estate Services LLC, today began construction on the state-of-the-art Quicken Loans Technology Center, a 66,000-square-foot data center and office complex located at 1401 Rosa Parks Boulevard in Detroit's up-and-coming Corktown district. The new facility will feature two 10,000-square-foot server rooms in addition to training, office and support space. Half of the data center will be occupied by Quicken Loans' technology team. An equal-sized 33,000 square foot portion of the building, including the second 10,000 square-foot server room, will be available for lease when the center opens.

Scheduled for completion in January 2015, the modern cement and glass structure will boast an impressive 1.4 megawatts of redundant available power, an energy efficient design and a complex, next-generation air conditioning system to cool its server rooms. The building, Bedrock's second ground-up development in the city of Detroit, will also feature a comprehensive security system.

"Detroit is experiencing an exciting technology revolution, so it only made sense to look in our own backyard when we decided to pursue a new home for our application and data systems," said Linglong He, Quicken Loans Chief Information Officer. "We invest heavily in technology – both in our infrastructure and in the training we provide our talented, 1,100-member IT team."

Construction and management of the Quicken Loans Technology Center will be conducted by Bedrock Real Estate Services, a Quicken Loans affiliated full-service real estate firm specializing in purchasing, leasing, financing, developing and managing commercial space in Detroit. Bedrock will also lease the available 33,000 square foot technology center space.

"Developing real estate that meets the needs of our Family of Companies and our tenants in the city of Detroit is our top priority at Bedrock," said Jim Ketai, Bedrock Real Estate Services CEO and Managing Partner. "We are extremely proud to be bringing the Quicken Loans Technology Center to life and creating a secure, cutting-edge facility for one of the premiere IT companies in America. This is also a great opportunity for another top technology company to secure prime server and training space in Detroit."

Quicken Loans has been recognized as one of Computerworld magazine's '100 Best Places to Work in IT' the past nine years, ranking No. 1 in 2013, 2007, 2006 and 2005.

For more information, please visit www.quickenloans.com/press-room/.

About Quicken Loans

Detroit-based Quicken Loans Inc. is the nation's second largest retail home mortgage lender. The company closed a record $80 billion of volume across all 50 states in 2013. Quicken Loans generates loan production from web centers located in Detroit, Cleveland and Scottsdale, Arizona. The company also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power for the past four consecutive years; 2013, 2012, 2011 and 2010.

Quicken Loans was named among the top-30 companies on FORTUNE magazine's annual "100 Best Companies to Work For" list for the last 11 consecutive years, ranking #5 in 2014. It ranked in the top-15 of Computerworld magazine's "100 Best Places to Work In Technology" for the past nine years, ranking #1 in 2013. The company moved its headquarters to downtown Detroit in 2010, and now more than 8,500 of its 10,000-plus team members work in the city's urban core. For more information about Quicken Loans, please visit www.quickenloans.com, on Twitter at @QLnews, and on Facebook at https://www.facebook.com/QuickenLoans.

About Bedrock Real Estate Services

Detroit-based Bedrock Real Estate Services is a full-service real estate firm specializing in purchasing, leasing, financing, developing and managing commercial space. Since its founding in 2011, Bedrock has recruited more than 100 tenants to downtown Detroit's Central Business District. A full listing of recruited tenants is available here. For more information, visit www.bedrockmgt.com.

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SOURCE Quicken Loans