CMCT Announces 9460 Wilshire as New Flagship Rolls-Royce Motor Cars Showroom for Luxury and Exotic Car Dealer O’Gara Coach
August 15 2022 - 8:00AM
Business Wire
Creative 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.
O’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.
“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.
For more than 45 years O’Gara Coach has been Southern
California’s leading destination for the discerning driver of
exotic cars and luxury brands.
“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.”
9460 Wilshire Blvd. is currently more than 90% leased.
"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 look forward to their continued success in our community,” said
Todd Johnson, President & CEO, Beverly Hills Chamber of
Commerce.
O’Gara Coach is anticipated to occupy its new showroom at 9460
Wilshire in 2023. O’Gara Coach continues to operate its dealership
at 8423 Wilshire Blvd. in Beverly Hills.
About CMCT
Creative Media & Community Trust Corporation (“CMCT”) is a
real estate investment trust that seeks to own, operate and develop
premier multifamily and creative office assets in vibrant and
emerging communities throughout the United States. CMCT is a leader
in creative office, acquiring and developing properties catering to
rapidly growing industries such as technology, media and
entertainment. CMCT seeks to apply the expertise of CIM Group to
the acquisition, development, and operation of top-tier multifamily
properties situated in dynamic markets with similar business and
employment characteristics to its creative office investments. CMCT
also owns one hotel in Northern California and a lending platform
that originates loans under the Small Business Administration
(“SBA”)’s 7(a) loan program. CMCT is operated by affiliates of CIM
Group, L.P., a vertically-integrated owner and operator of real
assets with multi-disciplinary expertise and in-house research,
acquisition, credit analysis, development, finance, leasing, and
onsite property management capabilities.
(www.creativemediacommunity.com).
About O’Gara Coach
Founded in 1976, O’Gara Coach has been Southern California’s
leading destination for the discerning driver of exotic cars and
luxury brands. With a knowledgeable staff steeped in the culture
and history of each brand, the showroom is a destination to explore
new concept cars alongside the world’s most iconic vehicles. At
O’Gara Coach drivers will find Rolls-Royce Motor Cars, Bentley,
Aston Martin, Lamborghini, Bugatti, Koenigsegg, McLaren,
Pininfarina, and Rimac as well as O’Gara exclusive reserve
brands.
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version on businesswire.com: https://www.businesswire.com/news/home/20220811005235/en/
Karen Diehl Diehl Communications 310-741-9097
karen@diehlcommunications.com
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