Mercedes-Benz Financial has signed a 10-year lease for all but39,366 sf of Hillwood's under-construction Heritage Commons IIoffice building at 13601 North Freeway. The building will deliverby month's end, with finish-out starting immediately so doors canopen in January 2008 on a 350-employee shop.

The group will be vacating about 50,000 sf of a 130,000-sfbuilding at 2050 Roanoke Rd. in Westlake's Circle T Ranch, which isfully leased to the German automaker's DaimlerChrysler FinancialCo. LLC. "It will be quickly backfilled by Chrysler Financialemployees," says Stuart Smith, senior vice president in Dallas forChicago-based UGL Equis Corp. After the split, Chrysler will have750 employees in Westlake.

"The sale to Cerberus Capital Management necessitated thembecoming two completely independent entities," Smith explains toGlobeSt.com. "That's why it was necessary for them to havecompletely separate facilities."