Business
CMCT Announces 9460 Wilshire as New Flagship Rolls-Royce Motor Cars Showroom for Luxury and Exotic Car Dealer O’Gara Coach
LOS ANGELES--(BUSINESS WIRE)-- Creative Media & Community Trust (“CMCT”) (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has signed a long-term lease
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[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nCreative Media & Community Trust (“CMCT”) (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has signed a long-term lease with O’Gara Coach for the approximately 18,000-square-foot ground-floor retail space at the 9460 Wilshire Blvd. office building in Beverly Hills. The location will serve as a Beverly Hills flagship showroom for Rolls-Royce Motor Cars.\n\nO’Gara Coach, the world’s largest Rolls-Royce Motor Cars dealer, will occupy the high-profile retail street frontage at 9460 Wilshire which is located at the prominent corner of Wilshire Boulevard and Beverly Drive. The mid-century, nine-story, 98,000-square-foot office building is steps from the Four Seasons Beverly Wilshire Hotel in Beverly Hills’ retail district referred to as the Golden Triangle.\n\n“The Beverly Hills luxury strip brings to life the young and vibrant culture that defines the Rolls-Royce brand today. This new showcase location lies at the heart of the world’s entertainment, sports and business clientele that influence luxury lovers worldwide. Rolls-Royce Motor Cars Beverly Hills is an annual recipient of multiple Global Awards, and we look forward to the O’Gara Coach team setting new records in this location,” said Martin Fritsches, President and CEO, Rolls-Royce Motor Cars Americas.\n\nFor more than 45 years O’Gara Coach has been Southern California’s leading destination for the discerning driver of exotic cars and luxury brands.\n\n“O’Gara Coach’s selection of 9460 for its flagship Rolls-Royce Motor Cars dealership is ideal for this significant retail location and adds to the cachet of this distinctive Beverly Hills retail corridor,” said Shaul Kuba, Director and Board Member, CMCT and Co-Founder and Principal, CIM Group. “With the leasing of the remaining vacant retail space, and robust office leasing program, CMCT has successfully executed its business plan for this asset.”\n\n9460 Wilshire Blvd. is currently more than 90% leased.\n\n\"Rolls-Royce is the definition of luxury, and O’Gara’s new showcase for the brand at 9460 Wilshire expands O’Gara’s presence in Beverly Hills, adds to the numerous new high-end projects in our city, and elevates the luxury experience. O’Gara Coach is a respected business and has been a valued member of the Beverly Hills Chamber for 25 years. We are pleased to be partners with them and...