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Mercedes-Benz Dealer Leases Prime Site

ORLANDO-Boyland Brown Properties LLC is leasing the land for 20 years with a purchase option and renewable options in a deal valued at $11.9 million.

By Alex Finkelstein | Updated on October 15, 2003

ORLANDO-In a deal aggregately valued at $11.9 million, Mercedes Benz dealers Dorian Boyland and Michael Brown have locked up a prime retail location near the 1.3-million-sf Mall at Millenia.

The dealers’ company, Boyland Brown Properties LLC, is leasing 7.3 acres between Interstate 4 and Millenia Boulevard for 20 years. The deal gives the dealers an option to buy the land at a later date and options to renew the site after the initial 20-year lease term expires, William E. Parke, SVP of Carter & Associates, tells GlobeSt.com.

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