With recent purchases of Kia of East Hartford and Papa’s Chrysler Dodge Jeep Ram in New Britain, Memphis-based Dobbs Equity Partners is rebuilding a dealership inventory that was once the backbone of its business.
Dobbs paid $6.5 million for the 3-acre dealership property at 99 Ash St. in East Hartford in a sale recorded Aug. 3. The investor paid an undisclosed additional amount for the business.
The property includes a 36,287-square-foot concrete building. It was originally completed in 1980 but renovated several years ago for the Kia dealership.