Agere Automotive Bought Two Richland Dealerships
The company acquired the local BMW and Audi dealership properties for a combined total of $16 million.
Updated on Oct. 13, 2026 in Buying/Selling
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Agere Automotive has completed the acquisition of BMW of Tri-Cities and Audi Tri-Cities located in Richland. The transaction involves two separate properties on Aaron Drive.
Why it matters
This acquisition integrates two premium automotive brands under Agere Automotive ownership while allowing the dealerships to maintain their individual manufacturer standards.
Agere paid $10.4 million for the 2.8-acre BMW property and $5.6 million for the 1.37-acre Audi site. The facilities include a 19,000-square-foot BMW building and a 15,628-square-foot Audi building.
The players
Agere Automotive
This automotive group manages multiple dealership locations and is expanding its footprint in the regional market.
Zenitram Properties IV LLC
This firm served as the seller for the BMW of Tri-Cities property.
Zenitram Properties III LLC
This firm served as the seller for the Audi Tri-Cities property.
The details
The dealerships will retain their individual identities and manufacturer standards while benefiting from shared operational expertise. Both properties are situated on Aaron Drive in Richland.
Timeline
Agere Automotive plans to complete two additional dealership acquisitions in 2027.
Roadmap
This acquisition reflects the broader trend of dealership group consolidation where larger automotive entities acquire independent franchise locations. Such moves typically allow groups to scale their operations and leverage shared infrastructure across multiple premium brands.
Customers can continue to expect standard manufacturer service levels at the BMW and Audi locations despite the change in property ownership. These dealerships remain in their established locations on Aaron Drive.
The takeaway
The move consolidates two premium local dealerships under a single management group. Local car buyers should anticipate that both locations will maintain their current brand standards through the transition.
What happens next
Agere Automotive plans to complete two additional dealership acquisitions in 2027.
Further reading
For more information on the regional car market, visit the Buying/Selling section.
Source note: This article includes information reported by Tri-Cities Area Journal of Business.
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