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Tom Wood dealership snaps up 15 acres near Anson

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The Tom Wood Automotive Group has bought 15 acres near the massive Anson development in Zionsville and could relocate its Lafayette Road Toyota dealership to the site, sources familiar with the deal said.

The Toyota dealership is at 4202 Lafayette Road just north of Lafayette Square Mall and West 38th Street.

REW map tom woodThe area has seen the departure of other auto dealers, including Honda West, which became Honda of Fishers in July upon its move along Britton Park Road fronting State Road 37 in Hamilton County. Brokers say that if Tom Wood shutters the west-side location, it would be the latest in a parade of dealers to reposiiton their locations to capitalize on Hamilton County's population growth and higher incomes.

“It matters anytime we have change because you want to makes sure that area’s still getting served,” said Marty Murphy, president of the Auto Dealers Association of Indiana. “But these are business decisions based on the demographics of their customer.”

Tom Wood didn’t return phone calls from IBJ seeking comment on the land purchase. Boone County records show the land sold Aug. 27 for $1.8 million to an entity called Zionsville RE LLC.

The Tom Wood Auto Group, which sells 14 car brands, is among several dealers in the area that are expanding operations. On East 96th Street, Tom Wood is growing its Subaru and Volkswagen operations, and Butler Automotive Group plans to build a larger Hyundai dealership to replace one adjacent to Butler Toyota.

Ray Skillman Ford is building a 17,300-square-foot dealership for its used car sales along U.S. 31 in Greenwood. Andy Mohr Ford in Plainfield is building a 13,300-square-foot addition to expand its service department.

And in September, Noblesville’s Common Council approved a zoning change to clear the way for Terry Lee Crossing, a 52-acre project at the corner of state roads 37 and 32 that would be anchored by a Hyundai dealership.

The parcel purchased by Tom Wood in Boone County is along Interstate 65 south of Whitestown Parkway, formerly Indiana 334. An abandoned service station fronts the property.

Tom Wood would be the first dealership to open west of Zionsville along a stretch that’s experiencing a surge in population thanks to Duke Realty Corp.’s $1 billion Anson development. A Hampton Inn and Meijer store are under construction within the development and would follow the opening of a McDonald’s and nearby Cracker Barrel restaurant.
 
Outside of Anson, Ryland and M/I Homes also are building houses closer to Zionsville..

The parcel snagged by Tom Wood is among the few undeveloped pieces of land left at the I-65 interchange.

At the interchange south of Cracker Barrel, Colliers International is listing 10 acres priced at $499,000 per acre. The property is owned by a family that also owns 32 acres Colliers is listing on the west side of I-65.

Colliers has fielded one offer since listing the 10-acre tract a month ago, said Ross Reller, director of land services for Colliers’ Indiana region. The recession and the housing bust stalled development of Anson, but he said interest in the area is beginning to gain steam.

“We’ve had to wait a while,” Reller said, “but the timing is good for our particular listing and the area in general.”
 

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  • Anson
    We almost considered moving out to this area but there continue to be way too many question marks. I'm glad I won't be living up the street from another car dealership.

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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