Summit Racing Announces $82 Million Warehouse Facility, Retail Super Store Will Open in Arlington
Summit Racing Equipment, which bills itself as the world's largest direct marketer of performance automotive parts and accessories, has announced that it will open a new $82 million warehouse facility, retail super store and customer support center in Arlington.
The 700,000-square-foot facility, which would be Summit Racing Equipment's fourth United States location, is expected to open in early 2017 on what is currently vacant land at the southwest corner of Interstate 20 and SH 360. Summit Racing expects to employ an estimated 330 workers by 2021, with average salaries ranging from $37,994 to $56,910.
"We are extremely pleased that Summit Racing has selected Arlington for its newest location," Economic Development Manager Bruce Payne said. "The company's future retail store and warehouse facility along the Interstate 20 Corridor will create numerous, good-paying jobs for our community and generate significant sales tax revenue each year as a prime shopping destination for automotive enthusiasts."
Summit Racing officials said the new facility means customers in most of Texas and parts of Oklahoma, Arkansas, and Louisiana will enjoy one-day delivery on orders for in-stock parts. Customers in other parts of the Southwest and Midwest United States will also enjoy faster delivery, with most receiving their orders in two days. Summit's other locations are in McDonough, Georgia; Sparks, Nevada and Tallmadge, Ohio.
"Summit Racing is committed to providing our customers with the best possible service, and that includes fast shipping and delivery," said Scott Peterson, Summit Racing Chief Operating Officer. "With the addition of our Texas facility, we will have four locations that will deliver parts to more customers in the continental U.S. in just one to two days."
The new warehouse facility will feature state-of-the-art shipping and handling equipment to process orders quickly and efficiently. It will be large enough to stock many thousands of parts from over 1,200 manufacturers, ready for immediate delivery.
Related article:Summit Racing Equipment to Host Two Upcoming Job Fairs for Arlington Warehouse
The Retail Super Store will be a destination for performance enthusiasts in the region. It will have 32,000 feet of display space for parts, tools, and accessories for racing; street performance; trucks and off-road vehicles; restoration; late model vehicles; ATVs and UTVs; and motorcycles.
"The Retail Super Store gives customers a chance to see parts in person and talk directly with a tech adviser about parts for their projects," Peterson said. "You can place an order on the SummitRacing.com website and pick it up in the store. If you're visiting from out of town, you can order at the store and have it shipped to your home."
Summit Racing, which was founded in 1968, expects to break ground for the Arlington facility immediately. The company plans ship to orders from the facility starting April 2017, with the Retail Super Store to open shortly afterward.
Arlington's Office of Economic Development has been working to secure Summit Racing's newest location for the past three years, Payne said. On Tuesday, the City Council unanimously approved economic development incentives to facilitate the project, which will generate substantial property tax and sales tax revenue for Arlington.
As part of the approved Chapter 380 agreement, the company will receive grant equivalent to 65 percent of the amount of city property taxes, business personal property taxes and inventory not covered by the standard triple Freeport exemption for a seven-year period, starting in 2018. The abatement is expected to save the company an estimated $528,679 over the seven-year period.
Even with the abatement, the new investment is expected to bring the City a minimum of $284,672 in new business personal property taxes. The City will also benefit from sales tax revenue and the added taxable value of the property, which is required to be a minimum of $35 million.
Summit Racing will also receive a hiring grant of $1,000 for every Arlington residents who is hired, up to $100,000, over a three-year period starting in 2018. The company must hire a minimum of 200 employees by Jan. 1, 2018, and 250 employees by Jan. 1, 2019, under the agreement.
"The opening of this location will bring the city a lot of well-paying jobs," Payne said. "Car culture has long been a part of Arlington's history. Summit Racing is a great fit."
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