Tuesday, March 5, 2013

Berger Commercial Realty Broker Steve Hyatt Closes $5.6 Million Purchase of 5.7-Acre Property in Fort Lauderdale, FL for Holman Automotive, Inc.



Steve Hyatt
 FORT LAUDERDALE, FL (March 5, 2013) – Berger Commercial Realty Senior Vice President Steve Hyatt recently represented Holman Automotive, Inc. in the purchase of a 5.7-acre property in Fort Lauderdale for $5.6 million from the Causeway Lumber Company.

 Holman Automotive, the ninth largest automotive dealership group in the United States by revenue according to Ward's Dealer Business, plans to develop the site into a major new service facility for BMW and MINI.  

The property, located at 2627 S. Andrews Ave., currently serves as a retail showroom for Causeway Lumber Company, which will be moving to a nearby location.

 "Automotive franchise laws and regulations regarding the establishment or relocation of a dealership are very complex," Hyatt said. "This property met the needs of Holman Automotive and we were able to negotiate a valuable deal for both parties."

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

Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226

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