JACKSONVILLE, N.C. (Feb. 2, 2004) — Target Tire is planning to expand its distribution reach into Florida and is currently looking for warehouse space in Jacksonville, Fla.
“We've been down to look at the Florida markets and have had some analysis done of the various markets and have looked at real estate with the idea of buying a location,” said Target Tire President Howard Stein. “We've actually made an offer on a building in Jacksonville, but it probably won't work out because it's too much money. Jacksonville, I think, is where we want to be.”
Mr. Stein said he anticipated having a 60,000-sq.-ft. distribution building in Florida by year-end. He said Target Tire, which currently does no significant business in Florida, will focus on servicing a 75-mile radius around the future facility.
“(Florida) seems to be the one that makes the most sense to us at this time,” Mr. Stein said, adding that Target Tire only is focusing on that area for expansion.