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COPYRIGHT 2001 The Miami Herald
Byline: Michael Y. Cannon
Apr. 23--CAR DEALERSHIP
3701 Northlake Blvd., Palm Beach County
Seller: Morse Operations, represented by Edward J. Morse Jr., principal
Buyer: Edward F. Napleton's North Palm Auto Park, Oakbrook Terrace, Ill.
Price: $8.7 million, equal to $97.26 per square foot, based on the buildings
Financing: $8.24 million, from Chrysler Financial Company LLC. In addition, the seller took back a second mortgage for $2 million.
The 7.35-acre property sold for $8.9 million in 1989 and $7.9 million in 1995. Includes 89,449 square...
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