CarMax Buys Fairfield, California Auto Mall Properties for Future Retail Site

FAIRFIELD, CA - June 14, 2011: Fairfield, California's economic development department announces that CarMax has purchased two Auto Mall parcels believed to be for a future store. The parcels consist of a 7.01-acre former Dodge dealership purchased for $5.175 million, and a 6.16-acre parcel which housed the former Chrysler Jeep Ram Kia dealership property, purchased for $6.85 million. Don LeBuhn and Kevin Kovar of CB Richard Ellis represented the seller. Paul Silver of Thalhimer Commercial Real Estate and Bill Davini of Colliers International represented CarMax Inc.

Current plans are to demolish and reconstruct the old Dodge building and renovate the former Chrysler building. Early 2012 is reportedly CarMax's projected tentative opening date in Fairfield.