CoreNet Global Michigan Chapter Names Chrysler Group 2014 Real Estate Contributor of the Year

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May 09, 2014, 10:00 ET

AUBURN HILLS, Mich., May 9, 2014 /PRNewswire/ --

Award given annually to companies that are "contributing to Detroit's future success through development of their real estate portfolio"
In 2012, Chrysler Group leased nearly 33,000 square feet of space within the former Dime Building, the first time the Company has established an office presence in downtown Detroit
Chrysler Group employs about 5,700 people in the City of Detroit at various facilities and has added approximately 2,225 jobs in Detroit since November 2011

The Michigan Chapter of CoreNet Global has selected Chrysler Group LLC as 2014 Real Estate Contributor of the Year. This prestigious award is given annually to companies that are contributing to Detroit's future success through development of their real estate portfolio.

Past recipients of the Contributor of the Year Award include: Rock Ventures, Henry Ford Health System, Blue Cross Blue Shield of Michigan, The Ferchill Group and the Farbman Group.

The award was presented at the CoreNet Charity Awards and Casino Night on May 8 at The Colony Club in Detroit. Proceeds from the event supported the Detroit Riverfront Conservancy (www.detroitriverfront.org).

"Chrysler Group is proud to contribute to the continuing transformation of the Motor City into a destination for business and world class talent," said Kenneth Nilson, Acting Treasurer, Chrysler Group LLC. "Expanding our corporate presence in Detroit is evidence of our confidence in the future of this great City and its people."

In 2012, Chrysler Group leased nearly 33,000 square feet of space within the former Dime Building, built in 1912. This marked the first time the Company established an office presence in downtown Detroit. The space encompasses the top two floors of the 23-story building, which has been renamed the Chrysler House. Chrysler's office space accommodates the Company's Great Lakes Business Center and several other corporate functions, as well as houses a large training room and a state-of-the-art board room.

Within the City of Detroit, Chrysler Group also operates the Mack Avenue Engine Complex, Conner Avenue Assembly Plant, Jefferson North Assembly Plant, Mt. Elliott Tool and Die and the Chrysler Transport Terminal.

The Company employs about 5,700 people in the City of Detroit and has added approximately 2,225 jobs in Detroit since November 2011.

"The Michigan Chapter of CoreNet is very pleased to present this award to the Chrysler Group for its important real estate investment in Detroit," said Patrich Jett, President of CoreNet and National Director of Automotive Solutions at Colliers International. "The Chrysler Group's investment in the Dime Building, now the Chrysler House - one of Detroit's oldest skyscrapers - demonstrates Chrysler Group's confidence in the Motor City."

About CoreNet Global
CoreNet Global is the world's leading association for corporate real estate and workplace professionals, service providers and economic developers. Over 8,000 members, who include 70% of the Fortune 100 and nearly half of the Forbes Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally.

About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 to establish a global strategic alliance with Fiat S.p.A., produces Chrysler, Jeep, Dodge, Ram, SRT, FIAT and Mopar vehicles and products. With the resources, technology and worldwide distribution network required to compete on a global scale, the alliance builds on Chrysler Group's culture of innovation, first established by Walter P. Chrysler in 1925, and Fiat's complementary technology that dates back to its founding in 1899.

Headquartered in Auburn Hills, Mich., Chrysler Group's product lineup features some of the world's most recognizable vehicles, including the Chrysler 300 and Town & Country, Jeep Grand Cherokee, Dodge Dart, Ram 1500, SRT Viper and Fiat 500. Fiat contributes world-class technology, platforms and powertrains for small- and medium-size cars, allowing Chrysler Group to offer an expanded product line including environmentally friendly vehicles.

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