Tampa-based Morgan Automotive Group has acquired two car dealerships in Lake County, Florida for a combined $19.125 million. The sites, formerly known as Bill Bryan Kia and Bill Bryan Chrysler Dodge Jeep Ram dealerships, have been renamed Kia of Leesburg and Chrysler Dodge Jeep Ram of Leesburg, respectively. The properties are located at 9039 US 441 and 3401 US 27/US 441 in the markets of Leesburg and Fruitland Park.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $19,125,000
• Buyer: Morgan Automotive Group - Brett Morgan
• Seller: Bryan Acquisitions LLC & FWB Investments LTD - William Bryan II - Bill Bryan Kia
• Date: 05/09/2023
• Market: Leesburg & Fruitland Park

Morgan Automotive Group, represented by Brett Morgan, was the buyer in this transaction. The seller was Bryan Acquisitions LLC & FWB Investments LTD, with William Bryan II as their representative. The acquisition of these car dealerships expands Morgan Automotive Group's presence in Lake County, Florida, and allows them to rebrand the two sites as Kia of Leesburg and Chrysler Dodge Jeep Ram of Leesburg.