Porsche dealership, showroom to join Manhattan’s Auto Row

TRD New York /
Jan.January 02, 2014 04:58 PM

Auto Row, a car dealership-lined stretch of Eleventh Avenue on Manhattan’s far West Side, has a sporty new addition.

Porsche Cars North America, the German carmaker’s U.S. unit, has inked a lease for 711 Eleventh Avenue at West 51st Street. The new 175,000-square-foot building, not yet constructed, will include a new showroom and repair facility, sources told the New York Post.

The site, owned by sisters Barbara and Pearl Seril, currently houses three adjacent properties and includes air rights from 614 West 51st Street and 623 West 50th streets, the Post reported.

Chrysler has leased one of the buildings since 1993, but was unable to reach an extension agreement with the landlords, sources told the Post.

Alan Grossman of ARG Realty Consultants represented the landlords in the deal, as did Bruce Mosler, Ethan Silverstein and Mark Mandrell of Cushman & Wakefield. Brian Goldman of Newmark Grubb Knight Frank represented Porsche, and did not respond to the Post’s requests for comment. Porsche’s Atlanta-based spokesperson did not respond to the Post’s emailed requests for comment by deadline. [NYP]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
(Credit: Lev Radin/Pacific Press/LightRocket via Getty Images)

Real estate braces for another tense night

Real estate braces for another tense night
WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline

WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline

WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline
Long live NAR: Agents won’t defy powerful trade group in pocket listings spat

Long live NAR: Agents won’t defy powerful trade group in pocket listings spat

Long live NAR: Agents won’t defy powerful trade group in pocket listings spat
Photo illustration of Robert Reffkin (Getty, iStock)

Compass reboots lending — with some caveats

Compass reboots lending — with some caveats
The Real Deal's Hiten Samtani and Rudin Management CEO Bill Rudin

Bill Rudin on remote work, property taxes and the future of tech leasing in NYC

Bill Rudin on remote work, property taxes and the future of tech leasing in NYC
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...