Dallas, Texas — According to state and local development sources, Park Place Dealerships plans to invest $3,433,405.00 to build out 10,001 square feet of new space in Dallas. The company plans to occupy the new space at 3515 Invwood Rd in Dallas, on or about October 1, 2026. According to the company website Park Place Dealerships, a subsidiary of Asbury Automotive Group, was founded in 1987 and has been engaged in the community through its support of the arts, medical research, childrens advocacy, and education. Park Place employs more than 1,400 members and operates nine full-service dealerships representing luxury brands including Lexus, Mercedes-Benz, Porsche, Volvo, Acura, and Land Rover. Park Place BodyWerks Collision Centers in Dallas, Fort Worth, and Plano, and the Park Place Auto Auction, round out the companys offerings. Park Place was acquired in 2020 by Asbury Automotive Group, Inc., a Fortune 500 company headquartered in Duluth, GA. Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asburys constant North Star. As of September 30, 2024, Asbury operated 153 new vehicle dealerships, consisting of 202 franchises and representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers.

To learn more about Park Place Dealerships, visit http://www.parkplace.com/

Company Contact:
Tony Carimi, Managing Director
tcarimi@parkplace.com
214-366-6800

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