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| 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.
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| 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
Email: crystal.proenza@colliers.com
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