Friend Tire enters Florida market, leases 46,020-square-foot industrial space in Davenport

Rezul News/10487215
Colliers International facilitates lease transaction for tire company's Florida distribution center

DAVENPORT, Fla. - Rezul -- Friend Tire Company, a wholesale company that sells tires to independent dealers, has entered the Florida market with a 46,020-square-foot lease in the Four Corners Business Park in Davenport. The tire company will occupy Building 300 in the industrial park, located at 4500 Home Run Blvd. in Polk County. The new location will serve as a Friend Tire regional distribution center.

David Wilson, Senior Associate, and Richard T. Davis, Jr., Executive Managing Director, of Colliers International represented the tenant. Bobby Isola of JLL represented the landlord, MDH Partners, LLC.

"Friend Tire is excited to enter the Florida market and expand their supply chain into the Southeast," Wilson said. "They were attracted to this location in Davenport because it offers exceptional access to Interstate 4 and U.S. 27, as well as the Orlando, Tampa and Ocala markets.

More on Rezul News
Four Corners Business Park is located less than two miles from the I-4/U.S. 27 interchange. The Class A industrial park includes three buildings totaling 795,753 square feet of industrial space. Other notable tenants in the park include Nestle Waters, HD Supply and JCQ Services.

"The I-4 corridor continues to see robust absorption from tenants and users across a broad spectrum of business types," Wilson said. "While names such as Amazon, Quaker and Home Depot have dominated the headlines in recent years, there is also strong activity from mid-size companies planting their flags in the Central Florida region or expanding their footprints."

Friend Tire is a wholly owned subsidiary of Yokohama Rubber, currently serving 23 states. The company plans to move in to Four Corners Business Park before the end of the year, after final office build-out and racking installation are complete.

About Colliers International Group Inc.

More on Rezul News
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate  success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Contact
Tanasia Reed
***@b2communications.com


Source: B2 Communications
stats
Filed Under: Real Estate

Show All News | Report Violation

0 Comments

Latest on Rezul News