SALT LAKE CITY-O’Reilly Automotive Inc. has acquired210,000-square-foot warehouse here that is being built-to-suit,according to the Buzz Oates Group of Companies, which is developingthe property. The Springfield, MO-based publicly traded retailer ofauto parts and accessories reportedly paid $12.5 million for theproperty, local industry sources tell GlobeSt.com.

|

The warehouse is under construction at 6230 W. 700 S. Withmezzanine space that is being added, the building will have 294,000square feet of operating space. The facility will employ roughly450 people.

|

Steve Condie and Mike Falk of NAI Utah Commercial Real Estaterepresented BOGC in the transaction. Tim Simonsen of ColdwellBanker Commercial represented O’Reilly. Brad Baird managed theproject for the Economic Development Corp. of Utah.

|

O’Reilly Automotive sells to commercial businesses and consumersthrough approximately 3,400 stores nationwide under the brand namesChecker Auto Parts, Schuck’s Auto Supply, Kragen Auto Parts andMurray’s Discount Auto Stores. Last year, the company acquired CSKAuto Corp., which had 1,342 stores in 22 states operating underfour brand names: Checker Auto Parts, Schuck’s Auto Supply, KragenAuto Parts and Murray’s Discount Auto Parts. As of late September,the Company had converted 264 CSK branded stores to O’Reillysystems, merged 41 CSK stores with existing O’Reilly locations,closed 10 CSK stores and opened five new CSK branded stores.

|

The company has been adjusting its distribution network as aresult of the acquisition. On its third quarter conference call,company executives said that after the addition of our four newdistribution centers in the West next year, it will operate from 23locations providing nightly service to its stores in 38 states."Based on our distribution capacity, we are in good shape tocontinue expanding into new market throughout the states wecurrently operate in," one executive said.

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.