The transfer will result in the creation of two separate financial services companies that previously existed as one company, said Klaus Entenmann, president and CEO of DaimlerChrysler Financial Services Americas. About 800 employees will remain at the Inkster building, while 400 will move to the Corporate Drive facility. DaimlerChrysler will continue to operate out of satellites in New Jersey, Dallas, California and Lisle, IL.
A company spokesman tells GlobeSt.com that DaimlerChrysler has signed a 10-year lease with the building's owner, Kojaian Cos., to be the sole tenant. "We picked this facility because it was close to our current location. We tried to find something where our employees' commute wouldn't be that long. We anticipate that the move will happen in early August," he says. He wouldn't comment on the lease cost. The average office lease in the city is $24.32 per sf, according to a market report by Grubb & Ellis.
The company will receive a $500,000 grant from the Michigan Economic Development Corp. to use for training programs as part of the move. Architects Landry +Newman are designing the interior of the new headquarters. The company had worked on the Inkster building for Chrysler when it took over the former Michigan National Bank building.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.