Acquisition – Kia of West Nyack and Clifton Park CDJR

Acquisition – Kia of West Nyack and Clifton Park CDJR

Acquisition – Kia of West Nyack and Clifton Park CDJR

Legacy recently completed the sale/leaseback of Kia of West Nyack and Clifton Park CDJR in partnership with one of the country’s fastest growing dealer groups, Dennis & Co. Automotive Group (Dennis & Co.). Chelsea Mandel, founding partner of Ascension real estate advisory firm, advised Dennis & Co. on the transaction.

Dennis and Co., with stores in Manhattan and the surrounding greater New York City MSA, utilized Legacy’s sale-leaseback program to access the “Real Estate Blue Sky” or growth capital trapped in its real estate holdings. Dennis & Co. will use the proceeds to support its existing dealership footprint and to fund its future Buy/Sell expansion efforts.

“We continue to be focused on expanding our dealership network and Legacy offered a way to provide us with a competitive advantage in the Buy/Sell marketplace by unlocking the value in our real estate. Legacy offered the most competitive terms by a significant margin and was able to execute and close quickly. We look forward to partnering with them on future deals”

- Brian Dennis, CEO of Dennis and Co.

Contact Todd Marcelle at todd@legacyautocapital.com to receive a free assessment of your real estate.

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