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Development of 1 msf, Ind Build-to-Suit Facility Completed in Shafter, CA

4/21/15

Roll Real Estate Development LLC has completed development of a 1 msf build-to-suit industrial facility for American Tire Distributors Inc. The Paramount Logistics Park location is a 1,625-acre, rail-served industrial development at 5000 Capital Rd in Shafter, CA.

The building was completed approximately 10 months after the lease was signed and eight months after breaking ground, as reported previously on RENTV. American Tire will begin occupying the building in February 2014.

American Tire's new industrial building is situated on more than 45 acres and includes 234 trailer stalls and 201 loading docks. Nearly 10k sf 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 176.5k sf industrial building at Paramount Logistics Park, located 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 350k sf building within the park. Due to rapidly growing consumer demand in the Western United States, American Tire and Roll restructured the lease, tripling the required building size to more than 1 msf.

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 has a FedEx Ground hub onsite and is nearby a UPS ground hub in Bakersfield, with Meadows Field Airport located only 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.

JLL Los Angeles' team members Mike McCrary, Peter McWilliams, Mac Hewett and Nicole Welch are overseeing leasing at Paramount Logistics Park.






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