New York firm buys 246 Tampa condos, borrowing $32 million

Wheel & deal: A suburban Atlanta car dealer has spent more than $110 million to buy three local dealerships. According to industry publication Auto Dealer Today, the Krause Auto Group has bought Sutherlin Nissan of Cape Coral, Sutherlin Nissan of Fort Myers and Sutherlin Genesis, also in Fort Myers. The dealer group told the publication it is renovating the Fort Myers Nissan store and will expand its service department. As for the Genesis store, it will move to a new location about a mile south of its current home at 13921 S. Tamiami Trail. Also changing will be the names of all three dealerships. They’ve been rebranded as Nissan of Cape Coral, Nissan of Fort Myers and Fort Myers Genesis. With the purchase, Krause now has 23 dealerships, including four in Florida. The other is Hyundai of Venice in south Sarasota County.

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