CBRE ARRANGES MERCEDES-BENZ RELOCATION
NEW YORK CITY — CB Richard Ellis (CBRE) has arranged the relocation of the relocation of the flagship dealership location of Mercedes-Benz USA. The automakers new 332,982-square-foot facility will be located at 770 11th Ave., between 53rd and 54th streets, on the West Side of Manhattan, New York City. It will feature 39,236 square feet of first-floor showroom and office space, 28,918 square feet of mezzanine space, and three below-grade levels averaging approximately 90,000 square feet each. The facility will sell the Mercedes-Benz and Maybach brands, as well as other smart brands from the automaker. It will also feature a service center, as well as used car sales. Completion is scheduled for 2011. The project is being developed by Two Trees Management Co.
CBRE’s Michael Laginestra, Michael Geoghegan and Joan Meixner arranged the deal. Mercedes-Benz will be relocating from a smaller facility located at 41st Street and 11th Avenue, near the entrance to the Lincoln Tunnel. Terms of the deal were not disclosed.