FARMINGTON HILLS, MI-DaimlerChrysler is moving its finance corporate staffs out of its current facility and to another building in the same city five miles away, as part of the company’s sale of Chrysler to Cerberus Capital Management. Mercedes-Benz Financial and Truck Financial will move from Chrysler Financial’s headquarters at 27777 Inkster Rd. to a 153,000-sf building at 36455 Corporate Dr.

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 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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.