Holler-Classic Expands With Purchase of Prime Dealership Site
December 16, 2016
WINTER PARK, Fla. (Dec. 16, 2010) — Holler-Classic today announced the purchase of 26.8 prime acres at Interstate 4 and State Road 46 in Sanford, former site of the Bill Heard dealership. The multimillion-dollar acquisition reinforces the Holler family’s commitment to Central Florida with dealerships that provide greater accessibility to residents throughout Seminole and Volusia counties.
Plans are to renovate and upgrade this premier commercial site in keeping with the Holler family’s commitment to automotive excellence, said Roger Holler III, vice president of Holler-Classic.
“The Holler and Classic group of dealerships is making another significant investment in Central Florida’s economy by purchasing this property,” Holler said. “We are rejuvenating the site with significant upgrades and new construction, adding opportunities as each phase of the project is completed.”
Renovations and new construction could be completed within a year. Additional details will be announced in the near future.
The prior owner closed the existing dealership in September 2008, resulting in the loss of more than 160 jobs, according to state records. The property has been vacant ever since.
The sale was negotiated by Brad Peterson, managing director of Holliday Fenoglio Fowler L.P., on behalf of lender GE Capital Real Estate.