CarMax doubles Denver presence

CarMax is doubling its presence in Denver. Photo by RichmondBizSense.com staff.

CarMax is adding new locations in the Denver area. Photo by RichmondBizSense.com staff.

The country’s largest used-car dealer is expanding its footprint along the Front Range.

Virginia-based CarMax announced Monday that it will build a 50,000-square-foot facility in Parker and an 18,000-square-foot facility in Loveland.

The two locations are set to open in June, bringing CarMax’s total number of Denver stores to four. The Parker store will be located at 18220 Ponderosa Drive, and the Loveland location will be at 3760 Byrd Drive.

CarMax already operates stores at 5850 S. Broadway in Littleton and at 2600 W. 104th Ave. in Federal Heights. The used-vehicle giant operates 145 dealerships in 74 markets.

CarMax purchased the Parker location in 2008 for $9.1 million, according to Douglas County records. The Ponderosa property, which totals 15 acres, consists of parcels at 18220, 18260 and 18280 Ponderosa Drive and 18404 E. Lincoln Ave.

CarMax is leasing the Loveland location, which is listed in Larimer County records as being owned by SMP4 Investments Inc. and Lithia Real Estate Inc.

A CarMax representative said the company typically invests between $10 million and $25 million in each of its stores.

CarMax said it will hire 150 workers for the two locations.

CarMax is doubling its presence in Denver. Photo by RichmondBizSense.com staff.

CarMax is adding new locations in…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments