Automotive Replacement Tire Marketer Plans $50 Million Regional Distribution Center in South Carolina

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Researched by Industrial Info Resources (Sugar Land, Texas)--TBC Corporation (Palm Beach Gardens, Florida), one of the largest marketers of automotive replacement tires, is planning to construct a $50 million regional distribution center in Charleston, South Carolina.

Plans involve the construction of a 1.1 million-square-foot regional distribution building on a 400-acre site, which will include truck bays, storage space, sorting areas, offices, and meeting rooms, and allow the company to consolidate operations in the Charleston area and meet the demands of customers. A general construction firm is to be selected before the year is out, with construction starting after the first of the year. Overall completion is slated for the fall of 2010.

Rockefeller Group Development Corporation (Mount Olive, New Jersey) is acting as the developer for the center along with MeadWestvaco Corporation's (NYSE:MWV) (Glen Allen, Virginia) Community Development and Land Management Group for the joint venture.

TBC Corporation was founded in 1956 and is considered to be the nation's largest marketer of tires for the automotive replacement market in the U.S., Canada and Mexico. Their companies include the Carroll Tire Company, Big O Tires, TBC Private Brands, Tire Kingdom, Merchant's Tire & Auto Center, National Tire & Battery, Tire Kingdom International and Treadways.

In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), a subsidiary of Sumitomo Corporation, a major trading and investment business enterprise headquartered in Japan.

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