Greenway Realty Management LLC, associated with Greenway Ford in Orlando, bought the former Toyota at the Avenues dealership Feb. 22 for $7 million.
It purchased the property, at 10564 Philips Highway, from Q Automotive Jacksonville FL of Duluth, Georgia.
Asbury Automotive Group built a larger Coggin Toyota at the Avenues at 11340 Philips Highway in 2014.
It opened a Q auto used-vehicle concept at the smaller site but closed it in 2016.
Truist Bank financed the deal for Greenway with a $5.95 million commercial mortgage and security agreement.
Greenway Realty Management did the deals through Jacksonville Phillips Hwy Land LLC. It uses a former spelling for Philips.
The deed and mortgage were recorded Feb. 23 with the Duval County Clerk of Courts.
The sold dealership was built in 1997 on 7.2 acres. It comprises about 42,000 square feet of showroom, service garage and other dealership space.
Greenway representatives could not be reached late Feb. 23.
Greenway already operates Greenway Nissan of Jacksonville at 1726 Cassat Ave. It bought the former Sunrise Nissan in December 2014.
The GreenwayFord.com site shows that Greenway has more than 40 dealerships in eight states. The dealerships include Ford, Chevrolet, Toyota, Hyundai, Chrysler, Dodge, Jeep, Ram, Honda, Kia and Nissan.
