Cadillac set to vacate Soho office

The automotive brand is moving back to Detroit

New York /
Sep.September 26, 2018 04:30 PM

From left: 330 Hudson Street, Cadillac’s Steve Carlisle, and Downtown Detroit (Credit: 330hudsonnyc, Cadillac, and Ken Lund via Flickr)

Cadillac is set to vacate its offices at 330 Hudson Street as it relocates its global headquarters back to Detroit.

The move comes four years after the brand, a division of auto manufacturer General Motors, started operations at the 16-story Soho office building. In an interview with the Wall Street Journal, which first reported the news, GM executive Steve Carlisle said that he wants Cadillac’s executives to be near the company’s design and engineering facilities in suburban Detroit.

“We’ve got to think about how we take inefficiencies out of the communication process between the Cadillac team and the GM partners,” Carlisle said.

Cadillac signed a 34,000-square-foot lease for the top two floors of the building in 2014. There are about 110 employees at the location, most of whom are executives and marketing staff.

Cadillac previously hosted art exhibits in the building’s ground floor retail area. The space, which the brand named Cadillac House, will be kept open after the relocation.

AEW Capital Management signed a contract to acquire the 470,000-square-foot office building for $385 million in January. It was previously owned by a joint venture between Ivanhoe Cambridge and Callahan Capital Properties.

AEW did not immediately return requests for comment.


Related Articles

arrow_forward_ios
Jake’s 58 (Google Maps, iStock)
Suffolk OTB to acquire Jake’s 58 in $120M deal
Suffolk OTB to acquire Jake’s 58 in $120M deal
4 Park Avenue (Feil Organization)
With 30K-sf lease, SUNY Empire shrinks Manhattan footprint
With 30K-sf lease, SUNY Empire shrinks Manhattan footprint
604 Fifth Avenue and Minamoto Kitchoan president Kemmei Okada (Photos via Google Maps, Minamoto Kitchoan)
Fifth Avenue’s Childs Building sells for $45M
Fifth Avenue’s Childs Building sells for $45M
(Getty)
Different state, same problem: Office availbility soars in NJ
Different state, same problem: Office availbility soars in NJ
Brian Feil of the Feil Organization and 360-370 Fulton Street (Google Maps)
Feil Organization to buy Downtown Brooklyn development portfolio
Feil Organization to buy Downtown Brooklyn development portfolio
Bella Hadid and 63 Greene Street (Getty, StreetEasy)
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Photo illustration of Brookfield Property Partners’ Brian Kingston (Brookfield, iStock)
Struggling hotel company handing Brookfield the keys
Struggling hotel company handing Brookfield the keys
G&M Realty's David Wolkoff (Getty, 5Pointz LIC)
Wolkoff’s $300M for 5Pointz tops outer-borough loan list
Wolkoff’s $300M for 5Pointz tops outer-borough loan list
arrow_forward_ios

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

Loading...