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The seller was an LLC that paid $800,000 for the 4.8-acre property, located at
1406 Brick Church Pike and home to a Motel 6, in November 2017.
Martin Management (also called Martin Automotive Group) owns and operates Downtown Hyundai and Downtown Subaru in Midtown at
1512 Broadway after having in 2011 purchased the Jim Reed Subaru and Jim Reed Hyundai businesses. The
Post reported in February 2020 that Houston-based developer Hines eventually will acquire the roughly 11.1-acre site (a building located on the property is pictured) from the Reed family in a deal that could be valued at more than $100 million. (Read more on that
here.) Hines is planning a multi-building, mixed-use development for the site, thus necessitating Martin Management eventually moving its current Midtown business.
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