Dmyterko & Wright Partners has acquired the former FreemanToyota-Mazda dealership site at Northeast Loop 820 from Dearborn,MI-based Ford Motor Credit Co., which had it listed for $4.5million. Bob Ginsburg, vice president in Dallas for CB RichardEllis, tells GlobeSt.com that he'd known for awhile that Dmyterko& Wright wanted to break into the market, so he put his listingon the partners' desks after he mapped out a retail redevelopmentplan with LA Fitness International LLC as the anchor.

Ginsburg says talks are underway with several nationalrestaurateurs for the one-acre pad site and a hotel developer witha national flag for a 2.25-acre tract. The broker says Dmyterko& Wright's plan is to own the LA Fitness building andrestaurant pad and sell the hotel site.

The dirt's new owner will scrape three buildings, totaling55,000 sf, grade the site and upgrade utility lines for theredevelopment, according to Ginsburg. Site work gets underway in 30days. The dealership relocated three years ago.