On Thursday, March 8, AutoNation Chairman, CEO & President Mike Jackson announced a long-term commitment for the company’s headquarters to continue to grow in downtown Fort Lauderdale. Jackson made the announcement at the Riverwalk Trust, Inc.’s tribute event, where he was honored for his contributions to the community.
Jackson said, “We see our commitment as a huge ‘win-win’ for all of Fort Lauderdale - AutoNation’s Headquarters is in the heart of the redevelopment of the Riverwalk area, which has been thoughtfully planned to build Fort Lauderdale into a model city of the future where even more residents can live, work and play.”
The company renewed and expanded its agreement with Stiles Corporation with a 12-year lease with an eight-year option. He noted that development plans in the area include amenities that are attractive to young talent, including transit, a major airport and seaport, residential and retail development. “AutoNation is committed to attracting and retaining talent for the long term as we continue to expand our brand from coast to coast,” he said.
AutoNation has more than 3,500 associates, 23 stores and ten collision centers across South Florida. More than 650 associates work at its corporate headquarters in downtown Fort Lauderdale. Jackson said the company plans to add jobs at the headquarters in the coming years.
Jackson credited the collaboration of several community stakeholders for AutoNation’s renewed commitment to the city, including Stiles Corporation, the Greater Fort Lauderdale Alliance, the City of Fort Lauderdale, and Broward County.
Bob Swindell, President and CEO of the Greater Fort Lauderdale Alliance, said, “AutoNation, a Fortune 100 company, is a vital part of the economic and social fabric of the Greater Fort Lauderdale community, providing internship programs, a broad scope of employment opportunities and support for local cultural and educational institutions. We couldn’t be prouder that AutoNation will continue to grow in Fort Lauderdale.”
“AutoNation is one of the most dynamic, community-mindful companies in South Florida, and we’re very proud to have them remain in our city and flagship Class-A building for another 12 years,” said Doug Eagon, Vice Chairman of Stiles. “The AutoNation Building is the last office project to be developed in the Las Olas corridor and represents an era of growth and great vitality for our city and the companies that have helped to shape its progress. This transaction not only reflects the strength of the Class-A office market in downtown, but also the continued commitment of everyone involved in this transaction to the City of Fort Lauderdale.”
Located at 200 SW 1st Avenue, The AutoNation Building is an approximate 204,000-square foot, 16-story, mixed-use Class-A office building with ground-level retail shops adjacent to the Las Olas Riverfront. Developed by Stiles in 2007, the building was one of the first to become LEED (Leadership in Energy and Environmental Design) certified in downtown Fort Lauderdale and most recently achieved LEED Gold status, one of the highest distinctions of energy efficiency.
“We are proud to have AutoNation as our City’s flagship corporation,” said Fort Lauderdale Mayor John P. “Jack” Seiler. Their significant long-term investment in Fort Lauderdale is a reflection of our City’s strong economy, robust business climate, and outstanding quality of life. AutoNation’s business success is matched only by their extraordinary corporate generosity and support of a myriad of charitable and altruistic endeavors. We look forward to the continued growth and success of this innovative company that continues to redefine transportation.”
“AutoNation has made a tremendous commitment to Broward County, and we thank them for their steadfast dedication to enhancing the economic and cultural vitality of our county. It is an honor to be home to a company that is both a national industry leader and a cornerstone of our community,” said Broward County Mayor Beam Furr.
About AutoNation, Inc.: AutoNation, America's largest automotive retailer, through its bold leadership, innovation and its comprehensive brand extensions, is transforming the automotive industry. As of December 31, 2017, AutoNation owned and operated 360 new vehicle franchises from coast to coast. AutoNation has sold over 11 million vehicles, the first automotive retailer to reach this milestone. AutoNation's success is driven by a commitment to delivering a peerless experience through customer-focused sales and service processes. Through its Drive Pink initiative, AutoNation is committed to drive out cancer, create awareness and support critical research. AutoNation continues to be a proud supporter of the Breast Cancer Research Foundation and other cancer-related charities.
Please visit investors.autonation.com, www.autonation.com, www.autonationdrive.com,
www.twitter.com/autonation, www.twitter.com/CEOMikeJackson, www.facebook.com/autonation, and www.facebook.com/CEOMikeJackson, where AutoNation discloses additional information about the Company, its business, and its results of operations.
About the Alliance: The Greater Fort Lauderdale Alliance (www.gflalliance.org) is Broward County’s official public/private partnership for economic development. Its mission is to lead Broward County in building a stronger and more diverse economy by stimulating the creation of new jobs and capital investment while facilitating the growth and retention of businesses in Broward County. Services offered by the Alliance include assistance with business relocation or expansion and site selection; incentive programs and information; market research; and serving as a liaison for workforce development between CareerSource Broward, educational institutions and the business community. To learn more, call (954) 524-3113.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 43 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://www.stiles.com or call 954-627-9300.