To accommodate its expanded workforce, Mercedes-Benz Financial Services will move into a new 200,000-square-foot building to be built near its current offices at Alliance in far north Fort Worth.
The state-of-the art building will be built less than a mile north of the 164,000-square-foot building that the business now occupies off Interstate 35W near Westport Parkway. Construction will begin in early 2018, and the company hopes to move in by early 2019.
Details regarding the project’s cost and design were not available. The facility will be leased to Mercedes-Benz by Hillwood, which developed AllianceTexas, an 18,000-acre residential and commercial community. Mercedes-Benz, then known as Daimler Financial Services, centralized its operations at Alliance in 2007.
“This project and a new state-of-the-art operations center will enable us to reshape the way we work, so that our environment matches the activities we do every day,” Peter Zieringer, the company’s president and CEO, said in a statement. “Identifying the ideal local solution was a priority, reflecting our commitment to the talented team in our operations center.”
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The new building will be tailored to meet the company’s growing needs, helping it to “recruit top talent,” Mike Berry, Hillwood’s president, said in a statement.
Since the company moved into its Alliance home, its workforce has grown from just over 600 to about 900, said Mary Beth Halprin, a Mercedes-Benz spokeswoman. Because its current building has a capacity of about 800, the company has been leasing space in other buildings to accommodate all of its workers, she said.
Its lease on 13650 Heritage Parkway was going to be up next year.
“I’m delighted that Mercedes-Benz Financial Services has redoubled its commitment to the city of Fort Worth,” Mayor Betsy Price said in a statement. “Having them there underscores the dynamic competitive environment in our growing community in north Fort Worth.”
Mercedes-Benz Financial Services, which is owned by Daimler Financial Services Group of Stuttgart, Germany, provides services to customers purchasing Mercedes-Benz cars, vans and SUVs. It also works with Daimler Truck Financial division, which finances and insures vehicles including Freightliner trucks.
BOKA Powell, a Dallas-based design firm, will serve as the design architect for the building and site development. JLL Fort Worth Project and Development Services of Dallas will oversee the project for Mercedes-Benz. SmithGroupJRR will provide programming and interior architecture for the building.