Automotive group HGreg.com has completed its acquisition of the largest Nissan dealership in the eastern U.S. Now known as HGreg Nissan Kendall, the dealership is located in Palmetto Bay, Florida. With the acquisition, HGreg.com expands its portfolio of Nissan dealerships to two in Florida, six continent-wide.
“Since opening our first location in South Florida in 2010, we’ve been building something very special in the region,” says John Hairabedian, president of HGreg.com. “We’ve set out to redefine the industry through a new customer experience that is built around convenience and choice, and it’s resonating with consumers.”
The dealership features a 71,500 square-foot building and 14.25-acre property and offers the latest and most technologically advanced new and pre-owned vehicles. It also enjoys a direct pipeline to the large selection of pre-owned vehicles available through the growing HGreg.com network in South and Central Florida.
The value of the transaction is estimated at $75 million including property, upgrades and facility improvements as well as inventory. HGreg Nissan Kendall currently employs close to 100 people and will be looking to recruit additional personnel over the next few months.