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Using the Madison Building in downtown Detroit as the model, a group of former Barracuda Networks Inc. executives wants to create a large hub for tech startups in downtown Ann Arbor.

They have signed a purchase agreement to buy two adjacent office buildings downtown and are negotiating to buy one or two more buildings. They hope to close on the first deal in about a month and have a build-out done in six months.

Image: Nutshell Inc. CEO Joe Malcoun (center) and cofounder Guy Suter (left) plan to open a tech incubator in downtown Ann Arbor and have their first tenant: Jordan Breighner and his Coolhouse Labs.