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Mathis Report
Jax Daily Record Monday, Dec. 2, 201905:20 AM EST

BB&T issues mortgage for Bentley Maserati Alfa Romeo dealership

$11 million dealership is going up at 7137 Bonneval Road.

Branch Banking and Trust Co. of Fort Lauderdale made a $16.05 million mortgage Oct. 31 to MNAR - Real Estate Holdings LLC for the Bentley Maserati Alfa Romeo dealership.

In September, the city issued a construction permit for the dealership at a cost of almost $11 million at 7137 Bonneval Road.

Miami-based Brickell Motors and Miami Automotive Retail Inc., led by President and CEO Mario Murgado, paid $3.36 million for the 9-acre site in February through MNAR-Real Estate Holdings LLC.

Murgado signed the mortgage as the mortgagor and borrower.

The St. Johns River Water Management District is reviewing a modification to a permit for construction of a 43,000-square-foot auto dealership building.

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