BAKERSFIELD, CALIF. – The new 1-million-square-foot distribution center that has been leased to American Tire Distributors has broken ground in Shafter. The facility will be located within the Paramount Logistics Park at 5000 Capital Road, less than 20 miles northwest of Bakersfield.
The new $65-million, built-to-suit facility will be situated on more than 45 acres and will include 10,000 square feet of office space.
American Tire has occupied a 176,500-square-foot industrial building at Paramount Logistics Park since 2007. The company had entered into a build-to-suit lease agreement with Roll Real Estate Development this past May for a 350,000-square-foot building within the park. American Tire recently restructured that lease, however, and tripled its requested space due to a consumer demand increase in the Western U.S. The new 20-year lease is valued at more than $119 million.
The new facility will be built by Millie & Severson Inc. and designed by RGA. Roll Real Estate is the commercial real estate development division of Roll Global.