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The 100,100-square-feet American Tire Distributors building at 6720 S Alvernon Way in Tucson sold to Florida-based Abraham Enterprises’ affiliate ARA Tucson for[mepr-show rules="58038"]$9 million ($90 PSF) from Exeter Property Group of Plymouth Meeting, PA (Warren Bryer, principal).
Brookwood Capital Partners (Joe McSweeney, principal) purchased the vacant 8.25 acre parcel in August 2012 and transferred it to Exeter 6720 S Alvernon, LLC for $1.06 million in a double escrow. Located at the southwest corner of Valencia and Alvernon Way, the property was build-to-suit by BC Construction Group of North Carolina and move-in ready for American Tire in December 2012.
Property highlights include 28-foot clear ceiling height, 60-foot speed bay, T5 High Bay lights with motion sensors, ESFR fire protection systems, (17) dock positions with multiple dock heights, ability to sell direct to clients on-site, and a 4,000 sq. ft. office build out.
Privately-held, American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market. It operates 123 distribution centers, including 15 distribution centers in Canada, serving approximately 70,000 customers across the U.S. and Canada. 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. In fiscal year 2012 sales were over $3.4 billion, it serves approximately 70,000 customers through a network of distribution centers throughout the United States and Canada.
The new distribution center in Tucson currently employs 16 people, with plans to expand to approximately 30 employees when reaching full distribution capacity. It was designed to service retailers throughout Arizona, New Mexico, and California in conjunction with the company’s other location in Phoenix.
American Tire Distributors can be reached at (800) 366-2243. Bryer can be contacted at (305) 665-2222. McSweeney is at (610) 828-3200. BC Construction can be contacted at (810) 225-2001.[/mepr-show]