Total Square Footage: 111,564
Acquired: June 5, 2014
Tenant Name: Hanil USA, LLC (Hanil)
Guarantor: TI Automotive LTD
The Hanil companies have a forty year supplier relationship with Hyundai and Kia. Hanil USA, at its Tallassee, AL site, manufactures brake and fuel line bundles for every Hyundai and Kia automobile manufactured in the United States. The Tallassee manufacturing facility was constructed for Hanil USA in 2007 strategically located between the Hyundai and Kia manufacturing plants, the only plants they maintain in the USA. The Hanil facility is a thirty minute drive from the Hyundai plant in Alabama, and a one hour drive from the Kia plant in Georgia. The Hanil manufacturing facility is critical to the Hyundai and Kia manufacturing operations, as each plant requires daily truckloads of Hanil manufactured brake and fuel line bundles to achieve production goals. The Tallassee facility has been expanded twice since 2007 to meet the increased demand from Hyundai and Kia.