Florida-Based Company Purchasing Route 9 Auto Dealerships
FRAMINGHAM – A Florida-based company is purchasing multiple auto dealerships on Route 9 in Framingham.
The Metrowest Hyundai, Metrowest Acura and the Genesis of Framingham auto dealerships are being sold to a HNTT LLC, ACTT LLC, GNTT LLC out of West Palm Beach, Florida.
Last night, the Framingham License Commission unanimously approved the transfer of the dealerships Class I Motor Vehicle Licenses at 500, 520 & 540 Worcester Road in Framingham.
The dealerships were part of the Connolly Auto Group.
The financial terms of the sale were not disclosed.
The City of Framingham has assessed the land & buildings of the properties at about $8 million.
The deal is expected to close at the end of February/beginning of March.
The dealerships will remain open, just the ownership is changing.
Connolly Auto Group will continue ownership of the Herb Connolly Chevrolet of Framingham at 350 Worcester Road in Framingham.
Herb Connolly Auto Group is one of America’s oldest, continuously family-owned Automobile dealerships in the country.
Herb Connolly, Sr. sold his first new car in 1918. His son, Herb Connolly, Jr. took over in 1940 when Herb Sr. died unexpectedly. He ran the dealership for 55 years, in Boston and Framingham, until his death in 1995.
His grandsons Adam and Christopher Connolly, Jr took over in 1995, and still operated the three dealerships with their brothers, Doug and Brendan.
The Acura dealership opened in 1988.
The Hyundai dealership opened in 2010.