HGreg.com president John Hairabedian says his dealership group is committed to Florida.
An example of that commitment came on Tuesday, as HGreg.com announced it has acquired a new location in West Palm Beach.
Construction has already begun on the 9.7-acre property close to Palm Beach International Airport. The site will become the future home of HGreg.com West Palm Beach.
The location, which HGreg.com says will open at the end of this year, will feature the company’s first dealership in the City of West Palm Beach. It will be the company’s second in Palm Beach County and seventh in the state.
HGreg.com already owns and operates pre-owned car dealership locations in Orlando, Westpark (Broward County), Doral and Miami. Other HGreg sites include HGreg LUX in Pompano Beach — which is a boutique dealership for luxury vehicles — and HGreg Nissan Delray Beach.
“In 2010, we chose to put down roots in the state and we couldn’t be more pleased with our choice,” Hairabedian said in a news release. “This newest location will only improve our ability to serve our clients in the region as well as the many travelers to the Sunshine State.”
The 51,326-square-foot West Palm Beach site, located at 551 South Military Trail, includes a showroom, office space, and a three-story parking and services building for a total of 221,406 square feet.
HGreg.com said the site holds an investment of more than $50 million, and that includes a commitment of $4.5 million for renovations and equipment and more than $35 million in inventory.
The new owners expect the location will hold 1,200 vehicles. Hiring has begun, with an expected staff of 300 full- and part-time employees.