Ultra Wheel Co., a seller of fancy chrome-plated auto rims, has moved from Buena Park to smaller digs in Fullerton after shifting production to China last year.
The company recently sold its 40-year-old Buena Park headquarters for $14.5 million. Last summer, Ultra Wheel laid off 168 workers at the 255,200-square-foot plant on 6300 Valley View Road.
Now Ultra Wheel has leased a 68,000-square-foot building at 570 Gilbert St. at the Fullerton Crossroads industrial complex.
Ultra Wheel’s building is one of nine warehouse and distribution facilities at the 1.2 million square-foot industrial center. Cushman & Wakefield Inc. represented Ultra Wheel and Fullerton Crossroad landlord RREEF Funds LLC of San Francisco.
As for Ultra Wheel’s former Buena Park facility, buyer Overton Moore Properties of Gardena plans to renovate and divide it to lease to smaller tenants.
Overton Moore developed the 1.3 million-square-foot CommerceCentre@Buena Park, an industrial park that’s home to some of the county’s largest warehouses. The site is a former distribution center for Albertson’s Inc.
Ultra Wheel’s move is the latest in a series of losses for Buena Park.
Last year, Stamford, Conn-based MeadWestvaco Corp. closed a plant next to Ultra Wheel’s former site. And Kraft Foods Inc. is in the process of closing its massive Nabisco plant in Buena Park.
For more on this story, see the April 18 edition of the Orange County Business Journal.
