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DJC Oregon: Auto Group Buys Hollywood Video Building

August 1, 2014

A Henderson, Nev.-based Chrysler dealer has purchased a former Hollywood Video distribution center building in Wilsonville and plans to convert the 177,000 square-foot building into a car dealership.

 

Findlay Automotive Group bought the Parkway Corporate Center from Weston Investment Co. for $11.6 million. The company plans to open a Chrysler, Dodge, Jeep and Ram dealership in the building by October.

 

The 1980s-built building, which originally had been used by a home furnishings company and was later acquired by Hollywood Video, will need cosmetic improvements, including updating the inside of the building to bring it up to standards that Chrysler has set for its dealerships, said Alex Martinac, a Portland-based broker with CBRE Group Inc., which represented Findlay in the deal.


Renovations on the building could last through the end of the year and will include 30,000 square feet of office
improvements as well as a new showroom and storage space, Martinac said.


Las Vegas-based Boyd Martin Construction LLC will be the contractor for the building renovation. Architect
Richard Youngblood of Youngblood Architecture, another Las Vegas firm, performed the design work, Martinac
said.


"The large warehouse style offered a lot of possibilities for a dealership space," Martinac said. "The goal is to have a
dealership that is predominantly an indoor facility."


Other changes will include improved landscaping and upgrades to the parking area, he said.


Only part of the building will be used for the actual dealership. Forty percent of the space will need to be set aside for
an industrial use, said Blaise Edmonds, planning manager for the city of Wilsonville.


Under an agreement between the city and Findlay, the company will be allowed to have a dealership larger than the
current 5,000 square feet allowed under city code, Edmonds said. That is because Findlay was able to show that the
original master plan for the building, in its capacity as a home furnishing business, had included a mix of warehouse,
showroom and office space.


"[Findlay] was able to capitalize on the original master plan for allocated uses," Edmonds said.


The company will likely use the extra space for temporary storage of vehicles, but could apply for a change of use on
the industrial portion of the building in the future, Edmonds said.


The Wilsonville location will be Findlay's 30th dealership, but its first in Oregon. The company has dealerships in
Nevada, Arizona and Idaho.

 

By: Jeff McDonald

 

The original article can be read at: http://djcor eg on.com/news/2014/08/01/automoti\«-group-buys-former-hollywood-video-building-in- wilsonville/ 




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