Welcome!

News Feed Item

American Tire Signs 1 Million-Square-Foot Industrial Lease for $119 Million Over 20 Years With Roll Real Estate Development at Paramount Logistics Park

New Build-to-Suit Facility Valued at $65M and Will Begin Construction This Spring

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that Enzu 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, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
While many government agencies have embraced the idea of employing cloud computing as a tool for increasing the efficiency and flexibility of IT, many still struggle with large scale adoption. The challenge is mainly attributed to the federated structure of these agencies as well as the immaturity of brokerage and governance tools and models. Initiatives like FedRAMP are a great first step toward solving many of these challenges but there are a lot of unknowns that are yet to be tackled. In hi...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...