Commercial Real Estate News
Landlord & Tenant Representation
Luxury Auto Brand, Mercedes-Benz, Expands Their Presence in Fairfield, CT
FAIRFIELD, CT – July 6, 2010 – “Commerce Drive in Fairfield, Connecticut, has become the destination for auto shopping,” notes Jon Angel, President of Angel Commercial L.L.C., a Fairfield-based commercial real estate brokerage firm. “Mercedes-Benz of Fairfield has just signed a long-term lease for one acre of land at 65 Commerce Drive in Fairfield, Connecticut,” explains Angel, who represented both the landlord and tenant in this transaction. The land is adjacent to their new 15,000 square foot Mercedes-Benz dealership that is being transformed into a new “Autohaus” at 165 Commerce Drive. “This additional land will allow them to increase their lot to accommodate a larger inventory of cars and pre-owned sales,” states Angel.
Mercedes-Benz of Fairfield is the largest authorized Mercedes-Benz dealer in Fairfield County and was recently designated by Mercedes-Benz USA as Connecticut’s only AMG Performance Center for sales and servicing of Mercedes’ AMG high-performance luxury vehicles.
The Penske Automotive Group, based in Bloomfield Hills in Michigan, owns Mercedes-Benz of Fairfield. The second-largest publicly traded automotive retailer in the United States as measured by total revenue, Penske operates 158 franchises in the United States and 148 internationally. Since 2006, they have renovated two dealerships on Commerce Drive, including Porsche of Fairfield and Audi Fairfield. In 2008, they opened a new dealership for the Smart Car on Commerce Drive.
“The Porsche, Audi, Mercedes-Benz, and Smart Car dealerships in Fairfield are all located on Commerce Drive, which is conveniently located off Exit 25 on I-95,” states Angel. “Two acres of land remain available next to the new Mercedes-Benz dealership.”