Lokey Automotive Group Acquires Rooms To Go Property In Clearwater For $7.15M

The Lokey Automotive Group, owned by Paul Lokey, has recently acquired the adjacent Rooms to Go property in Clearwater for a total of $7.15 million. This purchase expands Lokey Automotive Group's presence in the area and adds to their existing automotive holdings. The property, located at 27630 U.S. Highway 19 North, consists of a retail space spanning 28,000 square feet sitting on 3 acres of land. The transaction took place in the Clearwater market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,150,000
• Square Footage: 28,000
• Address: 27630 U.S. Highway 19 North
• Market: Clearwater

This deal was brokered by Logan Clearwater Associates, representing the seller, and Paul Lokey acted as the buyer's representative for the Lokey Automotive Group. The acquisition of the Rooms to Go property strengthens Lokey Automotive Group's position in the local automotive market, indicating their intent to further expand their operations in this area.