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ROCKVILLE, MD-In a $5 million deal Sonic Automotive has snapped up a 2.23-acre plot of land at 1125 Rockville Pike that will be redeveloped for the expansion of its Lexus of Rockville car dealership, which sits at 15501 Frederick Rd. Finding such a parcel was no simple task, but Advantis/GVA managed to pull it off on behalf of the automotive retailer.

“The assignment was extremely challenging,” Advantis/GVA’s Bruce McNair tells GlobeSt.com. “Sonic’s goal was to acquire approximately two to three acres fronting on Rockville Pike between Old Georgetown Road on the south, to Shady Grove Rd. on the north. There are less than a handful of sites that meet those criteria and could be developed for an auto dealership.”

Ford Leasing and Development Co. was the property’s previous owner, having acquired the parcel in 1986 for $2 million. The plot’s current assessed value is about $2.9 million.

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