HFF retained to broker sale of former top national Chevrolet dealership in Orlando

MIAMI, FL – The Miami, Atlanta and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today they have been retained as the exclusive listing broker for the sale of a former “top national volume” Chevrolet dealership in Orlando, Florida.

HFF senior managing directors Whitney Knoll (Atlanta) (middle left photo) and Doug Hazelbaker (Dallas) (bottom right photo) and managing director Brad Peterson (Miami) (top right photo) will lead the investment sales team on behalf of the owner, GE Capital Real Estate, who recently foreclosed on the site.

Completed in 2001, the former dealership is situated on 27.7 acres at 127 North Oregon Street in Sanford, approximately 20 miles northeast of Orlando.

According to the 2008 edition of the Dealer 500 list published by Ward’s Dealer Business, the former Chevrolet dealership in Sanford had 2007 total volume of nearly $145 million, with 3,350 in new unit sales and 1,713 in used unit sales before it closed in September 2008.

“The former Chevrolet dealership may present an opportunity for a new auto dealer or auto dealer with multiple dealerships to upgrade location and consolidate operations.

Also, because of its outstanding Interstate 4 highway frontage, it could be an excellent redevelopment site for an office, multifamily, retail or hotel project,” said Peterson.

Contacts:

H. Bradley Peterson, HFF Managing Director, (407) 286-5224, bpeterson@hfflp.com

Kristen M. Murphy, HFF

Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com