ARLINGTON, TEXAS… Seeing the expansion capabilities of North Texas, Snider Tire Inc. has opened a 65,000-square-foot regional hub following an extensive overhaul of a longtime vacant structure in the Great Southwest Industrial District. The Greensboro, N.C.-based company’s new hub is located at 840 N. Great Southwest Parkway in Arlington. “It’s a great location and great visibility,” says Michael W. Spain, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services, who represented the buyer of record, Eight Forty Great Southwest Parkway LLC. The buyer signed a long-term lease with Snider Tire immediately after closing on its new investment property. Scott Voelkel and Gordon Foster of Foster & Co. in Arlington represented the seller, Warehouse Holdings LP. The buyer had invested 12 to 18 months into searching for expansion space in the Great Southwest Industrial District for Snider Tire. The vacant building’s location at the corner of Great Southwest Parkway and Avenue E caught the buyer’s eye because it’s just 1.5 miles to State Hwy. 161 and 2.5 miles to State Hwy. 360. Spain adds the structure had been vandalized several times, including the theft of copper lines and wires, but the buyer was undaunted by the make-ready work. “There were some major repairs that needed to occur,” he stresses. The interior build-out included a 3,500-sf office. With the repairs finished, Snider Tire has vacated 15,000 sf in Grand Prairie, where there wasn’t enough available space to support its expansion plan. “They see a lot of major future expansion in Dallas/Fort Worth,” Spain says. Snider Tire is one of the largest commercial tire dealers and re-treaders in the U.S. It employs more than 800 workers at six manufacturing facilities and 45 commercial and mechanical service locations in 10 states. The operations include two locations in Houston and one each in Laredo and San Antonio.
April 5, 2012