HGreg Expands Into Texas With the Opening of a Flagship … – StreetInsider.com

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HGreg Expands Into Texas With the Opening of a Flagship Dealership in Houston, Set to Be Largest in the State

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December 4, 2023 9:02 AM EST

Automotive group is now present in the nation’s three largest car markets – Florida, California and Texas

HOUSTON–(BUSINESS WIRE)–
HGreg announces today its expansion into Texas with the acquisition of a landmark dealership located at 6737 Southwest Fwy in West Houston, known for its iconic gable roof showroom. The location is set to open mid-December. The newest of HGreg’s 10 dealership locations, the property features a remodeled, 82,500 sq. ft. showroom, 7.74 acres of land, a service center and guest lounge. When the dealership first opened in 1966, it was billed as the “the most modern building in the world.” Now under new ownership and management, HGreg has committed to making it the largest dealership in Texas in terms of car inventory.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231204297544/en/

HGreg expands into Texas with the acquisition of a landmark dealership in Houston, Texas.

HGreg expands into Texas with the acquisition of a landmark dealership in Houston, Texas.

“We’ve been patiently awaiting this opportunity,” said HGreg president and CEO John Hairabedian. “We have had our eyes on Texas for the past few years and are delighted that our entry into the Lone Star state is founded upon such a historic location with rich and deep roots. Our entire team is excited to deliver our promise of ‘save more, drive happy’ to customers in the Greater Houston area and beyond.”

The property represents an initial investment of USD$ 55 million, of which $22 million were invested to acquire the real estate and renovate the location to create a state-of-the-art retail facility. Known for its hassle-free service, large selection of cars, efficient and transparent user experience and low prices, HGreg Houston is now looking to hire some 100 full and part time staff.

With dealerships in California since 2020, Florida since 2010 and Quebec, Canada since 1993, the company now has a presence in three of the largest new and used car sales markets in the nation.

“Customers want a wide variety of car options, low prices and a frictionless car buying experience,” continues Hairabedian. “This is what they find at HGreg and is one of the main reasons our company has succeeded wherever we’ve put down roots.”

HGreg intends to offer Houston a one-of-a-kind shopping experience, as well as the in-person and online services that HGreg has become known for including same-day delivery, contactless car-buying options, five-day money-back policy, payment by cryptocurrency and access up to 5,000 certified carefully inspected pre-owned vehicles, the largest inventory of pre-owned quality cars on the market.

The company, which recently celebrated its 30th anniversary, continues to invest in its presence in North America and plans further expansion into new markets to be announced in the months to come.

About HGreg

Founded in 1993, HGreg is committed to simplifying the vehicle purchasing process through its values of excellence, transparency, technological innovation, and a refreshing customer-focused philosophy. With a passionate team of car enthusiasts, HGreg operates dealerships in the United States and Canada, offering new and used vehicles. Learn more by visiting HGreg.com or follow the company on Instagram, Twitter and Facebook at @HGregAuto.

Media:

Dalia Esposito

Torchia Communications

514 654-2635

[email protected]

Source: HGreg


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