|CarMax to build superstore off Norwood’s AutoMile|
By Ira Kantor/ BostonHerald.com
Wednesday, November 7, 2012
User car dealership giant CarMax is coming to Norwood after purchasing land off Carnegie Row for $20 million to build an auto superstore.
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Based in Virginia, CarMax will occupy about 10 acres of space off the AutoMile that will include a service center, showroom and lot space for 400 cars.
Initial demolition has already begun on a combined 135,000 square feet of property, including an on-site building formerly home to Home Quarters Warehouse, a two-story office building and a garden shop, said Elliot Ravech, president of Elliot & Co., which brokered the sale for seller CMI Property of Norwood.
CarMax spokeswoman Elia Imler said it could take between two to three years for the store to be built. The new venue is expected to create between 100 and 125 jobs, Imler said.
CarMax, a publicly traded company, topped $10 billion in sales during the fiscal year that ended Feb. 28, up from $9 billion the previous year, Imler said.
The dealership chain has 115 locations, but only one currently in Massachusetts in North Attleboro.