Rendering of AutoLenders, 305 W. Lincoln Highway, Exton, PA
EXTON, PA—AutoLenders will move into Pennsylvania with its first dealership, following the acquisition of 305 W. Lincoln Highway in Exton, PA. Rich Weitzman of Colliers International represented AutoLenders in the transaction.
The 33,000 square foot modern auto dealership facility occupies 7.3 acres at a highly trafficked and newly signalized intersection in the growing Exton market of Chester County in Philadelphia's Western Suburbs. The site was formerly Otto's BMW and then MINI of Exton, and will continue to operate as an automobile sales and service facility.
AutoLenders opened in 1990 and has grown into New Jersey's number one volume pre-owned car dealership chain, with 6 locations and a 75,000 square-foot reconditioning and certification center in Central and Southern New Jersey. AutoLenders uses its direct relationships with regional banks to cherry pick the best pre-owned, one-owner vehicles.
Additional sites in the tri-state region are being sought for the firm's expansion plan.
The Seller was represented by The Flynn Company.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
