CarMax has purchased a property in Waterbury for $4 million.

The 17-acre property is located along Interstate 84 at exit 25A. The company plans to use the space to develop its used car dealership as well as a regional service center.

Ralph Calabrese of the R. Calabrese Agency LLC represented the seller, 17 Acres Captain Neville Drove LLC. Carmax was represented by Tim McNamara of SullivanHayes Cos. Northeast LLC.