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News release

Atlanta

Sentury Tire seeks developer for build-to-suit North American HQ

JLL presents opportunity to buy triple-net leased factory


ATLANTA, September 20, 2017 – JLL's Capital Markets experts announced today Sentury Tire is seeking proposals from developers to construct its North American manufacturing facility and headquarters in the Atlanta suburb of LaGrange, Georgia. The build-to-suit, 1.7 million-square-foot asset will house China-based Sentury Tire's cutting-edge tire manufacturing facility, the company's third plant and first outside of Asia.​

Sentury Tire rendering small.jpgSentury Tire is seeking a developer to construct the $200 million facility building which will then be subject to a 25-year sale-leaseback agreement.

Managing Director Todd Torok is leading JLL's marketing efforts, along with Managing Director Bill Cavagnaro and Senior Vice President Michael Carpenter who are also sourcing financing alternatives for potential developers. Senior Associate Gilbert Valdez is also on the JLL team.

"Sentury Tire is a major player in the tire business, and is looking for an equity partner in this state-of-the-art facility so it can rapidly continue to grow its North American market share," said Torok. "We are expecting to see heavy interest from institutional investors both domestically and abroad."

The new headquarters will help strengthen Sentury Tire's North American presence, where it currently does 30 percent of its sales. The company has become one of the fastest growing tire manufacturers in the industry by selling its Sentury, Landsail, Groundspeed and Delinte brands.

"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," said Rami Helminen, Chief Executive Officer of Sentury Tire North America and Executive Vice President of Sentury Tire. "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."

The factory will include state-of-the-art technology that allows Sentury Tire to produce its product more efficiently and bring it to retail at an affordable price. The smart manufacturing factory will produce more than 1,000 jobs from production to sales and more.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $145 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.​

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Sentury North America

Sentury Tire North America is the U.S. based subsidiary of Sentury Tire, a global automotive and aircraft tire manufacturer serving over 150 markets around the world, including the United States and Canada. The company's new GroundSpeed line of passenger vehicle and light truck tires include all-season, top-quality choices for virtually every driving need.

The company is preparing to build a new 400-acre, 1.7 million square-feet tire manufacturing operation in LaGrange, Georgia, just south of Atlanta. Sentury Tire North America's Georgia facility will include a $530 million investment in a smart-technology factory with an annual capacity of 12 million units, along with on-site proving grounds, research and development, and extensive warehousing and distribution operations. For more information, visit www.sentury.tires. Watch our story unfold on our YouTube channel.