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SANTA ANA, CA—Yokohoma Tire Corp. has renewed its commitment to Southern California by selling its former 439,567-square-foot US headquarters and warehouse facility at 601 S. Acacia Ave. in Fullerton and leasing 57,624 square feet of space at 1 MacArthur Blvd. here for its new headquarters, in addition to leasing a new 658,756-square-foot distribution center at 16388 Fern Ave. in Chino, on which GlobeSt.com reported in July. The move amounts to “the complex task of strategically positioning Yokohama's office and warehousing functions in their respective locations, resulting in dramatically increased capabilities,” says Ben Seybold of CBRE Inc.

Seybold and Andrew Morrow represented Yokohama in all three transactions. “After nearly 30 years in the corporate-headquarters and warehousing location originally built by Yokohama, they decided to move to support their business growth,” says Morrow.

Jeremy Kahrs, senior director of corporate planning, logistics and supply chain with Yokohama, tells GlobeSt.com, “Yokohama Tire has been a California corporation since 1969, and we recognize that our employees have personal connections to the area. We are aggressively transforming many aspects of our business to position Yokohama for growth in North America, and we have many projects underway that hinge on the experience and dedication of our employees. Our objective in the relocation of our US headquarters is to allow continued growth while maintaining stability of the workforce that is driving that growth. We concluded early in the project that we would remain in Orange County.”

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The Fullerton building is a 24-ft. to 26-ft. clear, concrete tilt-up structure with loading on two sides, ample dock-high and grade-level loading doors, abundant parking, drive-around capability, is divisible and has a fenced yard for significant trailer storage. The tire company occupied and owned the Fullerton building before selling it to KTR DC III LLC for $42.7 million. CBRE's Michael Kendall, Darla Longo, Barbara Emmons, Seybold and Morrow represented the seller in the transaction.

“North Orange County is one of the strongest industrial submarkets in Southern California, certainly leading in Orange County,” says Kendall. “Rental rates are rising quickly, and the competition amongst investors to acquire good, functional product is intensifying.”

Seybold adds, “With the vacancy rate for buildings over 200,000 square feet in Orange County at a low 2.3%, this building will see strong demand from tenants. It has a flexible design and either a single or two-tenant configuration that will accommodate an array of tenants.”

The new distribution center in Chino is a state-of-the-art cross-dock building with 32-ft. clear, an upgraded ESFR sprinkler system, ample trailer parking space and 116 dock-high loading doors. Yokohama leased the build-to-suit center for 15 years from Invesco, expanding the manufacturer's warehouse to more than twice the capacity of its former warehouse. CBRE's David Consani, Joey Sugar, Seybold and Morrow represented the tenant in the transaction.

“The new building in the Western Inland Empire region reduced Yokohama's drayage costs compared to other possible locations, and the building features will significantly enhance Yokohama's logistic capabilities,” says Morrow.

Lastly, the new headquarters here property features granite exterior and reflective glass, large and flexible floor plans, an open courtyard and fountains and subterranean parking. Yokohama leased the property from Equity Office for 10 years. CBRE's Scott Kenny, Garrett Ellis, Seybold and Morrow represented the tenant, while the firm's Dean Chandler and John Weiner represented the landlord.