LKQ Corporation invests in Charlotte

Chicago-based LKQ Corporation, the largest nationwide provider of aftermarket and recycled collision replacement parts for automobiles and trucks, has established a major distribution center in Charlotte.

LKQ recently leased the former FedEx facility at 1001 Carrier Drive off I-85 in north Charlotte. The 156,000 sq. ft. complex consists of shop, office and terminal buildings on 52 acres and will serve as the company’s base of operations for the Carolinas. Bill Mowry of Prime Equities represented LKQ during lease negotiations. Lester Osborn of Piedmont Properties represented the landlord.

LKQ’s Charlotte operation continues the publicly traded company’s expansion throughout North and Central America. Including its operations in the United Kingdom, LKQ operates over 440 facilities and expects to hire locally in line with the Charlotte center’s growth.

“We are very excited about our recent expansion in the Charlotte market with the addition of our new warehouse,” says Joe Boutross, LKQ’s Director of Investor Relations. “This new facility will allow us to increase our product offerings to our customers in the Charlotte metropolitan area while simultaneously expanding our team of employees to support our growth strategy. It’s a win-win for LKQ, Charlotte and our customers.”

The Charlotte Chamber worked with LKQ Corporation in the fall of 2011 as the company evaluated Charlotte.

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