Holman Automotive Purchases Fort Lauderdale Site for New MINI Cooper Showroom in $3.65 Million Deal Brokered by Steve Hyatt of Berger Commercial
FORT LAUDERDALE, Fla. (December 2, 2014) – Berger Commercial Realty Senior Vice President Steve Hyatt represented Holman Automotive, Inc. in the $3.65 million purchase of a Fort Lauderdale site located at 2150 S. Federal Highway. Element Three Inc. sold the 1.06-acre property, which formerly housed Air & Sea Rent-A-Car.
Holman Automotive is planning to relocate the sales department of MINI of Fort Lauderdale, a MINI Cooper car dealership currently located at 1440 S. Federal Highway, to the new site within a year.
The property features a parking garage with 185 spots and a 38,000-square-foot building, which Holman Automotive plans to renovate. The facility’s architects are Falkanger, Snyder, Martineau and Yates, who are designing a new, ultra-modern showroom for the MINI sales department.
The MINI dealership’s new service center will be located six blocks away at 2627 S. Andrews Ave., where Holman Automotive is currently building a new $15 million service center, designed by the same architects, for both its BMW and MINI franchises. Holman Automotive purchased the South Andrews Avenue property in March 2013 for $5.6 million from Causeway Lumber Company in a deal that was also closed by Hyatt, who specializes in automotive real estate.
Prior to joining Berger Commercial Realty in 2008, Hyatt served for 12 years as Vice President of Corporate Development at AutoNation, where he was responsible for the acquisition and disposition of more than 175 automobile dealerships in 17 states. Using his automotive background and expertise, Hyatt has worked with numerous automotive retailers and manufacturers across the country to meet their real estate needs. In addition to Holman Automotive, he also has represented Audi Fort Lauderdale, Audi Coral Springs and the Phil Smith Automotive Group.
About Berger Commercial Realty/CORFAC International:
Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International:
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.
About Holman Automotive Group
Founded in 1924 and now celebrating its 90th anniversary, The Holman Automotive Group is one of the largest privately owned dealership groups in the United States, with dealership operations in New Jersey and Florida. In addition to BMW and MINI, the South Florida Holman Automotive franchises include Aston Martin, Audi, Bentley, Ford/Lincoln, Honda, Infiniti, Rolls Royce and Volvo.
