One of World's Largest Independent Tire Makers Veers into Texas
According to Candace Carlisle at CoStar News, "Continental Tire, one of the world's oldest and largest independent tire companies, is building a $69 million industrial facility in North Texas.
The Germany-based tire maker began construction last week on a roughly 752,000-square-foot industrial facility at 10101 Old Burleson Road in Fort Worth, Texas, according to a state permit.
Construction is scheduled for completion in early 2026. The permit outlines a build-to-suit project called "Hillwood Project Road Trip" that includes about 7,500 square feet of office space.
The permit lists the owner as Continental Tire The Americas LLC in Fort Mill, South Carolina. GSR Andrade Architects in Dallas is the project architect. Neither Continental Tire nor Hillwood immediately responded to requests for comment from CoStar News.
Hillwood is a developer and a long-time real estate investor in Fort Worth and the neighboring suburbs that often sells land to companies seeking to build their own projects. Hillwood is the developer behind AllianceTexas, a 27,000-acre master-planned, mixed-use development surrounding the Perot Field Fort Worth Alliance Airport.
The industrial airport is one of the numerous reasons why Fort Worth and the greater AllianceTexas area is known for being a distribution hub. FedEx and Amazon Air have major sorting operations at the airport, with the BNSF Railway also having a major node in Fort Worth. The area also has Interstate 35W, a corridor connecting the United States to Mexico northward toward Canada that serves as a major north-south roadway.
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This part of North Texas has become an industrial hot spot, with the area recently luring Dick's Sporting Goods and healthcare supplies company Henry Schein. Southwire opened its nearly 1.2 million-square-foot distribution facility in Fort Worth to house hundreds of workers and help it distribute materials throughout the region.
Continental Tire isn't a stranger to North Texas, even though it currently doesn't have any facilities in the Lone Star State, according to its website. Continental Tire used to lease industrial space at an industrial park in nearby Grand Prairie, Texas, prior to Conlan Tire buying six locations from a Continental Tire subsidiary in March 2021."
The development of Continental Tire's $69 million facility in North Texas could significantly affect property taxes in the region, particularly in Fort Worth and the surrounding areas of the AllianceTexas development.
With this large-scale industrial facility, property values in the vicinity are likely to rise. The presence of such a major corporation, along with the construction of a 752,000-square-foot building, boosts local real estate demand. As more land becomes valuable for commercial and industrial use, property taxes on these parcels could increase. The influx of large companies like Continental Tire, alongside existing distribution giants like FedEx, Amazon Air, and BNSF Railway, strengthens Fort Worth’s reputation as a distribution hub, making the area more attractive to investors. This can lead to further industrial development and thus higher property assessments.
Additionally, Continental Tire’s build-to-suit project may contribute to increased infrastructure demands, such as road maintenance and public services, funded by property taxes. Local governments may face pressure to support this growing industrial sector, and the added revenue from rising property values could play a critical role in financing these services.
However, an increase in industrial development could also raise concerns for smaller businesses or residents in the area who may see their own property taxes rise as a result of the increased valuations. This trend of rising property values, coupled with large corporate developments, is often a double-edged sword for local economies.