February 26, 2018

Construction to start on new financial hub for Mercedes-Benz

Dallas Business Journal: Construction to start on new financial hub for Mercedes-Benz
by Candace Carlisle

The new financial services hub for Mercedes-Benz Financial Services USA LLC will get underway on Tuesday, with the help of an official groundbreaking for the luxury automaker’s executives and the development group behind the project.

The new 200,000-square-foot build-to-suit facility will help Mercedes-Benz keep its financial services center, as well as roughly 900 jobs, both direct and indirect employees, in Fort Worth’s AllianceTexas master-planned, mixed-use development.

The new operations center will be built within a mile of its existing hub in AllianceTexas. The groundbreaking ceremony will be held at the development site along Heritage Parkway on Tuesday afternoon.

The soon-to-be-built operations center will help reshape the way Mercedes-Benz Financial Services’ employees work, said Peter Zieringer, president and CEO of Mercedes-Benz Financial Services.

“Our success has been rooted in our employees,” Zieringer said, when the project was initially announced in December. “The only way to sustain our current success is through continuous improvement.”

The Farmington Hills, Michigan company is a subsidiary of German-based Daimler Financial Services Group and helps provide financial services and products to Daimler’s customers and dealers, while supporting sales of Mercedes-Benz vehicles.

“The location for our new business operations center, less than one mile north of our current office, offers amenities, such as a scenic lake and walking trail, not feasible in our current location,” he added. “We believe these environmental improvements, coupled with technologically advanced facilities, will help us maintain a strong and inspired employee community.”

Mercedes-Benz Financial Services has been in Fort Worth for the last decade after consolidating its operations from several U.S. cities into its existing facility at AllianceTexas.

Fort Worth-based Hillwood is the developer of the new facility. Dallas-based BOKA Powell is the project architect.