CBRE ARRANGES 510,443 SF LEASE FOR NEW GE OIL & GAS MANUFACTURING PLANT IN JACKSONVILLE, FL
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CBRE ARRANGES 510,443 SF LEASE FOR NEW GE OIL & GAS MANUFACTURING PLANT IN JACKSONVILLE, FL

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Global energy company will occupy a newly constructed tilt-up facility

Jacksonville, FL – October 2, 2014 – (RealEstateRama) — CBRE arranged a 510,443-square-foot lease for GE Oil & Gas to occupy a new advanced manufacturing plant in the Alliance Florida at Cecil Commerce Center in Jacksonville, FL. GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from exploration & production to downstream. The company has signed a multi-year lease for the property owned by Hillwood Investment Properties to commence on November 1, 2014.

“In one of the largest new deals in Jacksonville’s Westside market, this announcement marks our city’s entry into the fast–growing energy industry,” said Terry Quarterman, First Vice President with CBRE Jacksonville. “The building is set in a highly desirable industrial park and provides easy access via the newly completed high-speed I-10 interchange and its proximity to three intermodal facilities.”

“GE is committed to innovation in the technology solutions we develop, as well as delivering operational excellence for our customers with the upmost focus on quality and safety,” said Chuck Nugent, Vice President of Manufacturing, GE Oil & Gas. “The new Jacksonville facility provides us the opportunity to use advanced manufacturing practices to meet our customers’ growing technology needs faster, while bringing new job opportunities to Jacksonville.”

Brent Woodruff and Lisa Harber, with CBRE’s Global Corporate Services in Atlanta, arranged the lease on behalf of the tenant. Terry Quarterman represented the landlord.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Contact:
Elizabeth Cross
Marketing Director, FL
305.428.6373

elizabeth.cross (at) cbre (dot) com
Daniel Jimenez
Communications Specialist
407.839.3191
daniel.jimenez (at) cbre (dot) com

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