FORT WORTH — American Tire Distributors, one of North America’s largest tire suppliers, is opening a 756,000-square-foot distribution center at Hillwood’s Alliance Gateway 60 in north Fort Worth, Texas.
The new facility will create approximately 60 jobs. Headquartered in Huntersville, North Carolina, American Tire Distributors and its affiliates employ more than 5,000 people across the United States and Canada.
Alliance Gateway 60 sits within the 18,000-acre, master-planned, mixed-use AllianceTexas development in north Fort Worth, a major logistics and industrial hub designed to support large-scale distribution operations.
“Speed-to-market was an important factor in American Tire Distributors’ ultimate decision to locate at AllianceTexas, and Hillwood was able to quickly deliver a facility that met their operational needs,” said Tony Creme, senior vice president of Hillwood.
American Tire Distributors is expected to occupy the new building in early 2017, positioning the company to improve regional distribution efficiency and better serve its dealer and retail partners across the central United States.
Industry representatives involved in the transaction included Adam Faulk and Ryan Browder of Jackson Cooksey, who represented American Tire Distributors, and Tony Creme and Bill Burton, who represented Hillwood.
Hillwood, a company founded by the Perot family, developed the 18,000-acre AllianceTexas master-planned community, which is anchored by the world’s first industrial airport and offers extensive infrastructure tailored to logistics, aviation and manufacturing tenants.
Alliance Gateway 60 is located within U.S. Foreign Trade Zone (FTZ) 196. This designation helps global importers such as American Tire Distributors reduce landed costs by allowing duties and taxes to be assessed only on the goods that are removed from the zone for use in the U.S., which can improve cash flow and competitiveness for companies handling large volumes of imported inventory.
Nov. 24, 2016 Realty News Report Copyright 2016