Brad Peterson, managing director with HFF in Orlando, will workwith senior managing directors Whitney Knoll in Atlanta and DougHazelbaker in Dallas to market the property on behalf of GE CapitalReal Estate, which recently foreclosed on the site.

"The former Chevrolet dealership may present an opportunity fora new auto dealer or auto dealer with multiple dealerships toupgrade location and consolidate operations," Peterson says. "Also,because of its outstanding Interstate 4 highway frontage, it couldbe an excellent redevelopment site for an office, multifamily,retail or hotel project."

HFF declined to disclose the asking price for the former BillHeard dealership in Sanford, which opened in 2001 and boastedannual sales volume of $145 million. Heard Enterprises blamedhigher fuel prices and the lagging economy for its demise lastSeptember.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.