Thursday, March 27, 2014

Williamson Automotive Group Expands to Adjacent Site in Miami, FL

  
Xavier Cossard
MIAMI, FL  - Colliers International South Florida is pleased to announce that the Williamson Automotive Group has acquired 7700 SW 100th Street in Miami, a site adjacent to its existing dealership located at 7815 SW 104th Street, for $8.9 million

The buyer was represented by the Colliers Automotive Retail Services (CARS) Group, led by Xavier Cossard, National Director of CARS and Michael T. Fay, Chairman & Founding Partner of Colliers International South Florida.

Joel N. Minsker, Esq., and Bloom & Minsker, P.L. served as counsel for the buyer. Seller, A-1 Fargo Van & Storage, was represented by Lee S. Katsikos of The Katsikos Group, Inc.

"We are delighted to have been able to acquire this property because of how our business has expanded over the last several years," says G. Ed Williamson, II, Chairman and CEO of Williamson Automotive Group Cadillac-Buick-GMC. The site will be used for operational purposes of the dealership, he adds.
  
Michael T. Fay
"Automotive sales are growing quickly and many dealers face a similar quandary of making certain their real estate works for their business," says Cossard. "As urban land prices continue rising, many dealers are taking a very close look at their operations."    
  
The Colliers Automotive Retail Services Group is a specialty practice dedicated to auto dealerships.

 The only major full-service real estate firm with a specialty practice dedicated to auto dealerships, this group has generated over $1 billion in transactions since its inception in 2004.

 CARS works with client requirements ranging from acquisition or disposition of a single dealer site or franchise to the most complex transactions that involve finding alternate uses for auto sites, analyzing portfolios and business enterprises.


 For a complete copy of the company’s news release, please contact:

Crystal Proenza
Vice President of Marketing and Culture
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

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