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The Collection Auto Group has completed the purchase of Classic Nissan in Streetsboro, according to Bernie Moreno, president of The Collection Auto Group.
The sale closed Tuesday, he said, and the auto group has plans to purchase Streetsboro's Classic Kia, as well. The closing date for that sale is May 1.
"We're really excited to be there and grow in Streetsboro," he said. "It's a great opportunity for us. Volkswagen is going into Streetsboro, too. We prefer to have a cluster of dealerships together from a management perspective."
Jim Brown, president of Classic Auto Group, was not available for comment.
Moreno declined to comment on the details of the sale, but said he plans, for the most part, to hire current employees of Classic Auto Group.
"We retained virtually all the key members," he said. "The only ones we didn't retain are the ones who wanted to stay with Classic. We had no problem with them choosing whether they wanted to stay with Classic or join our company."
The Collection Auto Group has 30 employees currently at Nissan and plans to add about 15 more. Moreno said he anticipates building up the inventory to about 450 cars.
Moreno said having a Nissan dealership in Streetsboro will complement The Collection Auto Group's current Nissan dealership on the opposite end of Interstate 480 in Middleburg Heights.
He said he doesn't plan renovations at either of the existing facilities.
The Collection Auto Group will appear before the Streetsboro Planning & Zoning Commission at 7 p.m. Tuesday to seek a site plan amendment allowing construction of a new Volkswagen dealership in front of Shady Lake Apartments. The current Hudson Volkswagen dealership will close when the Streetsboro dealership opens, Moreno said.
He said he's planning a ground breaking for the Volkswagen dealership later this month.
FB: The Gateway News/Bob Gaetjens