GE Oil & Gas Leases 510,000 Square-Foot Plant in Jacksonville

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Global energy giant GE Oil & Gas is to soon 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 510,443 square-foot lease 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.