March 14, 2019
Avison Young completed the sale of a 4.4-acre site in Claremont, CA for the development of a new auto dealership. The seller was Brandywine Homes, while the buyer was Claremont Holding Company, LLC.
Located at 667 Auto Center Dr., the site has been vacant for more than a decade and is part of the Claremont Auto Center consisting of Claremont Toyota, Hyundai, and Chrysler, Dodge, Jeep and Ram dealerships. In 2013, an 11.4-acre site was acquired by Brandywine Homes for a residential development; however, plans for rezoning were not approved. Subsequently all but the 4.4 acres had been sold.
Avison Young’s Jodi V. Meade, who represented the seller, says, “This remaining 4.4-acre sale for a new dealership is significant as it marks the full occupancy of Claremont Auto Center.”
The site has an existing building that will be expanded and completely renovated to include a service department, meeting manufacturer standards. The new dealership is anticipated to open within 12 to 18 months.
For comments, questions or concerns, please contact Dennis Kaiser