CarMax has closed on its purchase of the former AutoNation site in Forest Park.
The 23-acre site, near Cincinnati Mills (BIRD'S EYE), currently has 60,000 square feet of building space and room for 1,000 cars.
The $10 million project, which is scheduled to open in early- to mid-2009, would add 36,000 square feet to the main showroom and create a state-of-the-art service center with an inventory of 500 cars.
One-hundred full-time and 20 part-time jobs will be created.
The purchase price for the property was $6.5 million.
This will be their first Cincinnati location.
CarMax, which is headquartered in Richmond, Virginia, is the largest retailer of used vehicles in the United States with 85 superstores in 38 markets, including two in Columbus and one in Louisville.
Previous reading on BC:
CarMax could fill AutoNation site (11/6/07)
Friday, March 28, 2008
CarMax closes on AutoNation site
