Avison Young negotiated a multi-decade, 37,561-square-foot lease on behalf of the ownership for the relocation of Mercedes-Benz of Beverly Hills – a Fletcher Jones Company – dealership located at 8825 Wilshire Blvd. in Beverly Hills. Jodi V. Meade, principal & national director of Avison Young’s Automotive Properties Group, represented the landlord, 8825 Wilshire LLC.
The tenant was self-represented and relocated its local dealership from its former Beverly Hills-adjacent location at 9250 Beverly Blvd. It will continue to use its existing service/repair center at 400 Foothill Rd. in Beverly Hills.
“This dealership location was the last available automotive-zoned real estate in Beverly Hills with both sales and full-service bay capabilities,” said Meade. “It is a great, synergistic win for both the tenant and property owner. It is also a strategic move for Fletcher Jones to have a presence in the core of Beverly Hills, giving this highly successful franchisee the ability to further expand its already dominant Mercedez-Benz brand within the local market.”
