The transfer will result in the creation of two separatefinancial services companies that previously existed as onecompany, said Klaus Entenmann, president and CEO of DaimlerChryslerFinancial Services Americas. About 800 employees will remain at theInkster building, while 400 will move to the Corporate Drivefacility. DaimlerChrysler will continue to operate out ofsatellites in New Jersey, Dallas, California and Lisle, IL.

A company spokesman tells GlobeSt.com that DaimlerChrysler hassigned a 10-year lease with the building's owner, Kojaian Cos., tobe the sole tenant. "We picked this facility because it was closeto our current location. We tried to find something where ouremployees' commute wouldn't be that long. We anticipate that themove will happen in early August," he says. He wouldn't comment onthe lease cost. The average office lease in the city is $24.32 persf, according to a market report by Grubb & Ellis.

The company will receive a $500,000 grant from the MichiganEconomic Development Corp. to use for training programs as part ofthe move. Architects Landry +Newman are designing the interior ofthe new headquarters. The company had worked on the Inksterbuilding for Chrysler when it took over the former MichiganNational Bank building.