The $12.62 per-sf price is the highest in the park's existence and one of the steepest ever recorded for a comparable piece of dirt in Central Florida, according to J. Gary Castle of Castle Commercial Realty Inc. who negotiated for the park.
Buying the 6.55-acre parcel is Fort Lauderdale, FL-based TT Sand Lake Inc. headed by Terry Taylor. His Automotive Management Services Inc. company operates 18 car dealerships in Florida, Tennessee and North Carolina.
Taylor plans to build a 40,000-sf sales, service, parts and administrative facility on the site. He is still negotiating with an unidentified franchised dealer to lease the space on a long-term lease. The 12-month construction job is expected to start by June and be completed by first the quarter of 2002.
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