By Karen Brune Mathis. [email protected]
Asbury Automotive Group Inc. added another Jacksonville dealership this week when it bought Mike Davidson Ford in Arlington. It renamed it Coggin Ford to reflect its automotive brand in Florida.
The Duluth, Ga.-based dealership group bought the dealership and a nearby collision center Tuesday in three separate deed transactions, according to the documents recorded Wednesday with the Duval County Clerk of Court. Those deeds total $13.84 million.
Asbury Automotive bought the almost 7.8-acre dealership at 9650 Atlantic Blvd. and the nearly 4.3-acre collision center at 704 Mill Creek Road.
Deeds show two transactions, totaling $13.04 million, for the Atlantic Boulevard dealership and a separate deed, for $800,000, for the collision center.
Davidson Ford Ltd. sold the collision center property to KP Motors LLC. Davidson Ford Ltd. and Mike Davidson Properties LLC sold the dealership property in two separate deeds to Asbury Jax Ford LLC.
Asbury Automotive said in a news release that Mike Davidson Ford generates about $90 million in annual revenue.
Asbury Automotive already owned eight dealerships in Northeast Florida, comprising Coggin Buick/GMC; Coggin Chevrolet at the Avenues; Coggin Honda and Coggin Honda St. Augustine; Coggin Nissan at the Avenues and Coggin Nissan on Atlantic; Coggin Toyota at the Avenues; and Q Auto Jacksonville along Philips Highway.