Lithia Motors looking to expand, bids on Portland lot

lithia buildingMedford, Ore. — Lithia Motors is looking to expand once again. The Medford-based car dealership is among the companies bidding on an industrial lot in Portland’s, Pearl District.

The lot, known as Terminal 1, was put back up for sale last month. Lithia is one of six bidders, and offered 10-million dollars for the lot.

Lithia’s CEO, Bryan DeBoer tells NBC5 News, the new building would be an expansion site for their Portland stores, and they have no plans to leave the Rogue Valley.

 

Kristin Hosfelt anchors NBC5 News at 6 with NBC5 News Director Craig Smullin. Kristin is originally from the Bay Area. She earned her Bachelor of Science degree in Broadcast Journalism from San Jose State University. She comes to KOBI-TV/NBC5 from Bangor, Maine where she was the evening news anchor. Kristin has won multiple journalism awards including Best Feature Reporting in the State of Maine. When Kristin is not sharing the news she’s hunting down the best burrito, hiking a local trail or buried in a Jodi Picoult novel. She’s also a Green Bay Packers shareholder! If you see her out and about she’d be happy to tell you how a California girl became a Cheesehead.

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