Wednesday, July 1, 2015

Autonation sells Fort Lauderdale site to developer of furniture store

An affiliate of AutoNation sold a former dealership site in Fort Lauderdale to a developer who plans to build a Rooms To Go furniture store. Maroone Ford, an affiliate of Fort Lauderdale-based AutoNation (NYSE: AN), sold the 3.6-acre site for $6 million to SC 1413/RTG Ft Lauderdale. It’s located at 1413 N. Federal Highway. The buyer is a partnership between Stiles Corp. and RTG Furniture, the owner of Rooms To Go. It obtained a $6.15 million mortgage from Kettle Construction. The loan document…

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