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Sat September 21, 2013
The University of Michigan selling 51 acres of land for $3.5 million
ANN ARBOR TOWNSHIP, Mich. (AP) - The University of Michigan has agreed to sell 51 acres of vacant land to NSF International for $3.5 million.
The school's eight-member board of regents unanimously approved the sale during a meeting this past week.
The Ann Arbor News reports officials expect to close the sale by the end of October.
The site is in Washtenaw County's Ann Arbor Township. The university plans to retain mineral rights in the sale and to have first opportunity to buy the property if NSF decides to sell.
NSF International is a nonprofit certification group that tests products to make sure they meet public health and safety standards. It wants to expand its existing facility.
NSF and the University of Michigan have collaborated on projects for decades.