|By Marketwired .||
|March 27, 2014 05:31 PM EDT||
LOS ANGELES, CA and SHAFTER, CA -- (Marketwired) -- 03/27/14 -- Roll Real Estate Development LLC, the commercial real estate development division of Roll Global, has signed a 1 million-square-foot lease with American Tire Distributors, Inc. at its Paramount Logistics Park located at 5000 Capital Rd, Shafter, Calif., 93263. American Tire joins esteemed companies such as Target, Formica, The Hillman Group, Baker Hughes and Ross Dress for Less, which recently closed a 160-acre land acquisition for the development of a 1.7-million-square-foot distribution center.
The new industrial building that will be built for American Tire will be situated on more than 45 acres and will include 234 trailer stalls and 201 loading docks. Nearly 10,000 square feet of the building will be reserved for office space. The building will also feature 32-foot clear height and include an ESFR fire sprinkler system to accommodate tire storage.
Since 2007, American Tire has occupied a 176,500-square-foot industrial building at Paramount Logistics Park, located in the City of Shafter, Calif. near Bakersfield's Meadows Field Airport. In May 2013, the company entered into a build-to-suit lease transaction with Roll Real Estate Development for a 350,000-square-foot building within the park. Due to rapidly growing consumer demand in the Western United States, American Tire and Roll recently restructured the lease, tripling the required building size to more than one million square feet.
"American Tire's expansion in the Central Valley will significantly improve its capability to distribute to tire retailers quickly and more efficiently," said Jason Gremillion, Vice President of Development at Roll Real Estate. "Being located at the Paramount Logistics Park provides strategic access to customers throughout the western states, and they can utilize Kern County's young and motivated workforce to bolster growth in the company and community."
Paramount Logistics Park's central location gives companies access to a robust transportation infrastructure. Paramount Logistics Park is minutes from Hwy-99, I-5 and Hwy-58, allowing access to 14 percent of the U.S. population within 300 miles, and offers convenient dual port access to the Port of Los Angeles and Port of Long Beach, as well as Port of Oakland. It is also nearby to FedEx and UPS ground hubs in Bakersfield, Calif and Meadows Field Airport is seven miles away. The project also features an onsite rail yard with more than 9,000 feet of track able to accommodate unit trains with direct access to Burlington Northern Santa Fe (BNSF) Railway's mainline.
"American Tire Distributors decision to dramatically expand operations at Paramount Logistics Park is yet another indication of the advantages of the partner approach that we have with our customers. We were able to restructure and close this transaction to meet their growing business needs within a matter of weeks," said John Balestra, President of Roll Real Estate Development. "With in place entitlements for up to 26 million square feet of additional development with the City of Shafter, we provide speed and certainty of execution. Our mutual success depends on timely decisions and the ability to execute quickly. In the case with American Tire, these capabilities really shined."
"We are thrilled to have a long-standing company that can enjoy the economic and logistic benefits of being located in Shafter," said Scott Hurlbert, the newly appointed City Manager for the City of Shafter. "Our city has a vision to be the best environment for growing businesses and thriving families. We look forward to the expansion of our city and economy as Paramount Logistics Park continues to develop."
Both parties represented themselves in the transaction.
In March 2013, Ross Dress for Less broke ground on its new 1.7-million-square-foot distribution center at Paramount Logistics Park, which will create more than 1,500 new jobs in the area. The facility is expected to be completed in the third quarter of 2014.
About American Tire Distributors: American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market serving approximately 70,000 customers across the U.S. and Canada. Its 800-vehicle fleet travels 40 million miles annually to deliver tires, wheels and automotive supplies to retailers across the country. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. American Tire Distributors employs approximately 3,500 employees across its distribution center network, including approximately 200 employees in Canada. For more information, visit www.atd-us.com.
About Paramount Logistics Park: Paramount Logistics Park is a 1,625-acre, master-planned industrial development that offers shovel-ready, fully entitled parcels of land that range from five to 300 acres. Lots are available for build-to-suit facilities, with sale or lease options, from 100,000 square feet to more than 2.8 million square feet. It boasts a high-speed fiber optics network and features BNSF rail-served sites available for up to 2.3 million square feet. For more information, visit www.rollrealestate.com.
About Roll Real Estate Development: Roll Real Estate Development is a division of Roll Global, a $3 billion privately owned consumer goods company and largest owner of agricultural land in California. The company owns, manages and is actively developing three business and industrial parks in the Central Valley totaling more than 1,800 acres: Paramount Logistics Park, North Meadows Business Park and CrossRoads Business Park. Leveraging more than 30 years of experience in commercial real estate, Roll Global also owns and manages a separate portfolio of office, industrial and residential properties throughout the United States. For more information, visit www.rollrealestate.com.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2553558
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Dec. 8, 2016 01:15 PM EST Reads: 1,155
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Dec. 8, 2016 01:15 PM EST Reads: 713
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Dec. 8, 2016 01:00 PM EST Reads: 447
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 8, 2016 01:00 PM EST Reads: 1,177
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 8, 2016 12:45 PM EST Reads: 1,222
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 8, 2016 12:45 PM EST Reads: 1,733
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 12:15 PM EST Reads: 1,105
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 8, 2016 12:00 PM EST Reads: 2,179
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
Dec. 8, 2016 12:00 PM EST Reads: 491
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 8, 2016 11:30 AM EST Reads: 2,329
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:21 AM EST Reads: 215
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:00 AM EST Reads: 895
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:00 AM EST Reads: 988
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 8, 2016 10:30 AM EST Reads: 7,306
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Dec. 8, 2016 10:30 AM EST Reads: 530