Charlotte, NC, December 6, 2025
Hendrick Automotive Group has acquired a 10-acre vacant site for $13 million in SouthPark, Charlotte, marking a strategic move to enhance their presence in the area. This acquisition follows their recent $42 million purchase of the Hampton Inn & Suites at Phillips Place and reflects their commitment to boosting the local economy and contributing to the regional business landscape.
Hendrick Automotive Group Expands in SouthPark with Major Acquisition
Local Business Investment Enhances Charlotte’s Economic Landscape
Charlotte, NC – Hendrick Automotive Group has made a significant move in the business landscape of the SouthPark area by acquiring a vacant 10-acre site for $13 million. This strategic purchase comes as part of the company’s consistent efforts to bolster its presence in one of Charlotte’s most vibrant commercial districts.
Located conveniently near the renowned SouthPark Mall, the newly acquired property is positioned to play a vital role in Hendrick’s expansion strategy. The company, which is based in Charlotte, is recognized as the largest privately held automotive retail organization in the United States, operating a vast network of 96 dealership locations, 21 collision centers, and four accessories distributor installers across 13 states. This acquisition further amplifies their investment in the local economy.
Ongoing Strategic Investments
The purchase in SouthPark follows Hendrick Automotive Group’s recent acquisition of the Hampton Inn & Suites at Phillips Place for $42 million in April 2023. This history of bold investments underscores their commitment to not only enhance their operational footprint but also to contribute positively to the Charlotte area’s economic vitality.
SouthPark’s Economic Growth
In recent years, SouthPark has undergone remarkable transformations, bolstered by a series of developmental projects that solidify its status as a thriving business hub. This expansion not only enhances Hendrick’s operational capacity but also signifies the confidence business leaders have in the region’s economic potential. Local businesses are also likely to benefit from the ripple effects of such investments, potentially leading to job creation and increased economic activity.
Future Development Plans
While specific plans for the newly acquired site have yet to be disclosed, it is anticipated that further announcements will detail developments that align with Hendrick’s vision for the area. Such future endeavors aim to foster not only an improved shopping or service experience but also further community engagement and job opportunities.
Business Climate in Charlotte
The ongoing investments by Hendrick Automotive Group are part of a larger narrative of economic growth within Charlotte. The region has been attracting attention from various sectors, emphasizing the value of reduced regulatory burdens that support small businesses and encourage entrepreneurial endeavors. A favorable business climate is critical to sustaining economic momentum and ensuring continued expansion across the board.
Emphasizing Community Impact
This acquisition highlights the role of private investment in driving community development. Hendrick Automotive Group’s commitment to Charlotte not only exemplifies successful business strategy but serves as an inspiring example for other entrepreneurs. Their growth reflects both ambition and a dedication to contributing back to the community, enhancing the broader economic landscape of Mecklenburg County.
Conclusion
Hendrick Automotive Group’s recent purchase in SouthPark is a clear testament to its strategy of leveraging potential growth opportunities within the Charlotte market. As the area continues to evolve, the commitment shown by local businesses can serve to motivate others to invest in Charlotte’s future. Supporting our local businesses and engaging with these developments is essential to shaping a prosperous economic environment.
| Property Acquired | Price | Size | Location | Previous Investment (Latest) | Previous Investment Price |
|---|---|---|---|---|---|
| Vacant Site | $13 million | 10 acres | SouthPark | Hampton Inn & Suites | $42 million |
Frequently Asked Questions
What was the recent acquisition by Hendrick Automotive Group in SouthPark?
Hendrick Automotive Group acquired a vacant 10-acre site for $13 million in SouthPark.
How is the investment by Hendrick Automotive Group expected to impact the SouthPark area?
The investment is expected to contribute to the area’s ongoing growth and development, enhancing the business climate and creating job opportunities.
What is Hendrick Automotive Group known for?
Hendrick Automotive Group is the largest privately held automotive retail organization in the United States, operating numerous dealerships and service locations.
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Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
