Ford Motor wants $230M for Far West Side building

Automaker paid $73M for site with 464K sf property in 1997

787 11th Avenue (inset: Darcy Stacom)
787 11th Avenue (inset: Darcy Stacom)

The Ford Motor Company is putting a 464,000-square-foot Far West Side building on the market and expects to sell it for more than $230 million.

The automotive giant paid $73 million to buy and renovate the site at 787 11th Avenue, between West 54th and 55th streets, in 1997, Crain’s reported. Ford uses the eight-story building as a service center for its own brand and for Lincoln. Jaguar and Land Rover dealerships occupy the building’s ground floor. Ford sold those brands to Indian conglomerate Tata in 2008.

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CBRE’s Darcy Stacom and Bill Shanahan are marketing the property, according to the publication. [Crain’s]Mark Maurer