Group 1 Automotive Buys Escondido DealershipThursday, February 13, 2014
Houston-based Group 1 Automotive Inc. has purchased the Heller Ford Hyundai dealership in Escondido, which included the $8 million purchase of two retail buildings on the lot, according to CoStar Group and public data.
The deal included the business and two buildings at 1717 Auto Park Way South, totaling 32,727 square feet on 9.9 acres. The seller was Heller Properties of Escondido.
Erin Kerrigan of Presidio Financial Partners LLC represented the seller.
According to its website, Group 1 is the nation’s third largest auto retailer, operating 150 dealerships. It has five dealerships in San Diego County and has also expanded into the United Kingdom and Brazil.