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South Florida

Car dealer expands in Miami with $8.9M acquisition

7700 Southwest 100th Street in Miami
7700 Southwest 100th Street in Miami

In anticipation of growth, Williamson Automotive Group acquired a Miami site at 7700 Southwest 100th Street, next to its existing dealership, for $8.9 million.

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“Automotive sales are growing quickly and many dealers face a similar quandary of making certain their real estate works for their business,” Xavier Cossard of Colliers International South Florida told GlobeSt. “As urban land prices continue rising, many dealers are taking a very close look at their operations.”

Cossard leds Colliers Automotive Retail Services (CARS) and represented Williamson in the deal with Michael T. Fay, chairman and founding partner of Colliers International South Florida, according to GlobeSt. [GlobeSt.] — Christopher Cameorn

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Car DealersRetail Market