Traverse City News and Events

13 Acres Of Prime Real Estate On U.S. 31 Sold

Nov. 11, 2015

Bill Marsh Auto has sold 13.5 acres of land on U.S. 31 to the Miller Snowden Development Group in Traverse City.

Partner Jerry Snowden tells The Ticker acquisition of the properties "was very strategic for both parties." The developers had already acquired the adjacent Alpha Center from Munson Medical Center last year and wanted to "increase its footprint in this core commercial area," adds Snowden.

Miller Snowden now controls nearly 750,000 square feet of commercial space and 650 feet of frontage on U.S. 31 – the largest piece of commercial land north of the Grand Traverse Mall.

"Due to recent developments along U.S. 31 … and the lack of availability for any large commercial sites over many years, we are very excited to have the opportunity to begin our development plans on this main corridor to Traverse City," says Adam Miller, a partner in Miller Snowden.

The sale of the property, which currently houses Price Point Used Cars, Bill Marsh Hyundai and JD Byrider, will allow Bill Marsh to expand its dealership facilities on South Garfield in TC. The company will expand the Price Point location to accommodate a "significantly larger new and used car selection," according to a release announcing the sale. The Hyundai dealership will move into an existing facility adjacent to Bill Marsh Chrysler on South Garfield while JD Byrider will move to a new loation.

"This move will make is easier for customers to find a large selection of used cars in one location, rather than having to travel between two campuses," says Bill Marsh, Jr.

Marsh says once the auto group was approached by Miller Snowden about their interest in selling the property, it looked at customer shopping trends. Research shows people visit far fewer dealerships when shopping than they used to, largely due to the ability to do so much pre-research online.

Commenting on the sale, Marsh, Jr. adds, "Not only will it be more efficient for our company, it will be more convenient for our customers."

Bill Marsh is not expected to move facilities until mid- to late 2016.

Comment

Career Tech Center Student Scores Podium Finish In State Phlebotomy Contest

Read More >>

United Way Will Host Nonprofit Volunteer Fair This Saturday At Commongrounds

Read More >>

DDA to Talk Surveillance Cameras, TIF 97, Streetscape Policy

Read More >>

Aerial Mobility Showcase Coming to TC

Read More >>

City Starts Leaf Pick-Up Monday

Read More >>

Cops Hammering Grandview Parkway/M-22 Construction Zone

Read More >>

City Commissioners Approve River Tours, Hickory Study; Reject Trespassing Ordinance

Read More >>

Project Alpha, Facilities, Septic Ordinance on County Agenda

Read More >>

The Big Three: TCAPS Eyes Central Grade, Central High, and Music Program Construction Projects

Read More >>

Now Hiring! Spring & Summer 2025 Jobs

Read More >>

First NMC Science Symposium Set for Saturday

Read More >>

BATA Showcases the Power of Green Public Transportation for Earth Week

Read More >>

TIF Policy, River Tours, Hickory Infrastructure, Trespass Ordinance, on City Agenda

Read More >>

Rotary Club to Plant 600 Trees Today

Read More >>