Car-repair giant AAMCO Transmissions and Total Car Care has retained CBRE as its site-selection agent for a new push to expand its network of AAMCO franchises in the US.
CBRE will "create and execute an expansion program throughout the country," with an initial focus on New York, New Jersey, Florida, Georgia, Texas and Arizona, the commercial real estate firm announced.
AAMCO, based in Philadelphia, has more than 600 franchises in the US and Canada. AAMCO's chief strategy officer, Brian O'Donnell, said the company aims to "accelerate growth in targeted US markets."
AAMCO is targeting suburban locations with between 3,000 and 5,500 square feet of space, according to CBRE. It added that the optimal site for a new AAMCO location would be 4,500 square feet in either a stand-alone store or as the "end-cap" store at the far end of a shopping center or strip center—and in a high-traffic location with parking for more than 10 cars and with easy access to major roads.
"The current market conditions have demonstrated the essential nature of automotive service companies such as AAMCO, making them a highly attractive tenant for property owners in challenging economic times," said CBRE broker Patti AmecAngelo.
She is leading the site-selection push for new and existing AAMCO franchises with another CBRE broker, Joe AmecAngelo. The two, who are based in CBRE's East Brunswick, NJ office, will work with AAMCO real estate and franchise development executives on site selection.
AAMCO had previously retained Patti AmecAngelo and Joe AmecAngelo three years ago for franchise location searches, and they have arranged more than 50 leasing deals for the company.
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Meredith Hobbs
Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.
