Bridgestone Americas Tire Operations LLC bought the Cecil Commerce Center warehouse it occupies for almost $45.8 million.
SMBC Leasing and Finance Inc. in New York sold the property tor Nashville, Tenn.-based Bridgestone in a deed dated Sunday. It was recorded Monday with the Duval County Clerk of Court.
Property records show SMBC bought the undeveloped land from the city in June 2007 for almost $3.1 million. It developed the almost 1.03 million-square-foot warehouse on nearly 67.9 acres in 2008. It also built a parking booth and service garage.
The property, at 4950 New World Ave., carries a 2015 assessed value of almost $36.6 million.
In early 2009, Bridgestone Americas Tire Operations celebrated the grand opening of the center, which it said was the largest of its seven North American warehouses. It said it had a capacity of 3 million tires for shipment to Florida, Georgia and the Carolinas.
It also was built to ship Latin American-produced tires to the entire U.S. and tires made in Japan and other Asian countries to the eastern half of the U.S., the company said upon opening.
A city news release in 2009 said the $44 million state-of-the-art facility was designed by architectural firms Randall Paulson and Gresham, Smith and Partners and constructed by The Conlan Company. It was the first private development project at Cecil Commerce Center.