New 59,000+ Square Foot Space in Galleria 1 Building Supports Company’s Growing Business Needs

Lake Success, N.Y. - DealerTrack, a leading provider of technology solutions and services to the automotive retail industry, today announced the company will be leasing approximately 59,152 square feet of new office space at Dallas’ prestigious Galleria 1 building. 

The new office, located next to the Dallas Galleria Mall, will bring together 240 members of DealerTrack’s vehicle inventory management team under one roof.  Bridget Townsend, vice president and general manager, will continue to lead the company’s Inventory solution offerings, and Richard Marzan, vice president and general manager, will remain the lead for Trade Operations at the new location. The company expects the move to be completed by the third quarter of this year.

“Bringing our entire inventory management team into a centralized Dallas location will benefit DealerTrack, the entire solution team, and ultimately, our customers, moving forward,” said Mark O’Neil, chairman and chief executive officer, DealerTrack.  “The Galleria 1 building gives us the ideal space to meet our immediate needs and grow with our business.”

DealerTrack was represented in the transaction by Don Catalano, SIOR, CCIM, MCR, of Corporate Realty Consultants®, a commercial tenant representation firm that represents top global clients.  The landlord, Franklin Street Properties, was represented by Christopher Taylor of Cassidy-Turley.  The financial terms of the deal were not released.

Prior to the move, DealerTrack’s eCarList and AAX  inventory management solution teams were in two separate Dallas locations.  The eCarList brand was acquired by DealerTrack in July 2011, and AAX has been part of the DealerTrack family since 2009.

Earlier this month, DealerTrack announced the introduction of  the new DealerTrack eCarList, the next generation, end-to-end inventory management and merchandising platform that is expected to redefine the marketplace by combining the power of AAX and the innovation of eCarList. The DealerTrack eCarList platform is a comprehensive inventory management system that seamlessly combines live retail market data with rich historical data to appraise, price, and merchandise vehicles quickly and efficiently.  In addition, DealerTrack eCarList offers a number of award-winning solutions, such as Website Design, Mobile Applications, and Search & Media, to help dealerships quickly merchandise and turn inventory.

03/01/12