Dealer Tire is a longstanding family-owned Cleveland business—for over 80 years they have been engaged in facilitating transactions between tiremakers, auto manufacturers, and auto dealerships. After experiencing growth of 500% over the past 5 years, Dealer Tire had finally outgrown their 50,000 sq.ft. existing space at 3711 Chester Avenue and began looking for vacant land or a building to accomodate their current and future employment needs to become their headquarters.
The City team recognized that there were few stand-alone properties that would work for Dealer’s needs. Suburban locations could also offer land for a large surface parking lot, versus city sites that required structured parking at a much higher cost.
The Victory Building, shown here, at 7012 Euclid Avenue was identified as the ideal space for their future growth. The Midtown building has been mostly vacant since the departure of Eaton Corporation in 2013.
In addition to the renovation of 165,000 sq. ft. the developer, Victory Midtown, LLC
will construct a parking garage to support Dealer Tire’s employee parking needs. The City is providing an incentive package that includes TIF, low-interest loans and grants totaling over $6.5 Million, mostly to help write down the costs of the parking garage construction.
This project maintains Dealer Tire’s over 400 employees and over $50 Million payroll, while providing a long term home for their future growth, expected to be at least 100 jobs over the next five years.
The City of Cleveland and the Department of Economic Development are happy to have retained Dealer Tire, the largest distributer of tires in the United States and an important part of our automotive cluster.