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Ciminelli Handles the Sale and Disposition of 13.61 Acres for Development of an Automotive Dealership

Tue, Jan 4th 2022 02:00 pm

Bradenton, FL (December 2021) - Ciminelli Real Estate Services of Florida is proud to announce the $7,200,000.00 sale of a 13.61 acre collection of parcels located at the intersection of SR 64 and Cypress Creek Blvd in Bradenton, Florida.  The purchaser, Bradenton HO, LLC, an entity controlled by Hendrick Automotive Group based in Charlotte, North Carolina officially closed the sale December 13, 2021.  The parcel will be developed as an automobile dealership under the Hendrick Automotive umbrella, with the manufacturer to be named at a later date.  The Seller, Great Lakes Development, Inc. was represented by Massimo Rastrelli, of CASTO Southeast Realty Services.  Roger Cobb of Selwyn Property Group, also based in Charlotte, North Carolina, and Hendrick Automotive Group’s Master Broker, partnered with Greg McNutt in representing the buyer’s side of the transaction.  

With over 20 years of experience in commercial real estate development and brokerage services, Greg McNutt, CCIM, LEED AP, is responsible for leasing and selling Ciminelli’s retail portfolio of properties throughout the Orlando and Tampa markets. In addition to his current role, he has worked with numerous development teams in the analysis, acquisition, entitlement, construction and management of commercial real estate.

For more information about our tenant representation services, visit: www.CiminelliFlorida.com/tenant-representation