Sentury Tire Seeks Developer for Its First US Facility
- Sep 22, 2017
Sentury Tire, a Chinese manufacturer of tires for cars and aviation, hired JLL’s Capital Markets to help find a developer to construct its $200 million North American manufacturing facility and headquarters, a 1.7 million-square-foot mixed-use property that will be located in Atlanta. Managing Director Todd Torok, together with Managing Director Bill Cavagnaro and Senior Vice President Michael Carpenter, will be leading JLL’s marketing efforts.
Situated on approximately 400 acres, the new tire manufacturing facility will serve as the company’s North American headquarters and will be located about 70 miles southwest of Atlanta in the LaGrange Callaway South Industrial Park. The cutting-edge tire development property will include state-of-the-art technology and will mark the company’s third plant and first outside of Asia. Back in July, Sentury Tire selected SSOE Group, a global project delivery firm for architecture, engineering and construction management, to design the project.
The new facility will create more than 1,000 jobs in production, national sales and marketing, warehousing and distribution, and will support Sentury Tire’s existing customer base in North America. A month ago, JLL worked on behalf of the buyer on the $8.4 million sale of 45.2 acres of land at the Air Commerce Business Park in the heart of Orlando, Fla.
“We already work with an exceptional network of global, North American and Georgia partners and look forward to collaborating on this most important next phase of work – building our world-class tire manufacturing and R&D facility,” Rami Helminen, CEO of Sentury Tire North America & EVP of Sentury Tire, said in a statement. “Whether it is a tire dealer, distributor or facilities developer, our partnership philosophy values transparency, efficiency, innovation and 100 percent customer satisfaction – resources that share these values are encouraged to submit their proposal.”