The sale of 13.5 acres of land to South Colorado Springs Nissan was finalized Tuesday, giving a green light for the dealership to build a new store on Academy Park Loop, near Fountain and South Academy boulevards.
The dealer purchased the land from General Dynamics Corp. for an undisclosed price, said Candace Seaton, a broker with Grubb & Ellis/Quantum Commercial Group in Colorado Springs.
“It’s a great location – there are other car dealerships in the area, and a new dealership will be a good economic boost for South Academy Boulevard,” Seaton said. A development plan has been completed, and construction should begin soon. The dealership will relocate from its current location at 175 N. Academy Blvd.