For one thing, Duke has revealed that it has an institutionalpartner in the project, namely the San Francisco-based StockbridgeReal Estate. And while plans aren't firm, the industrial buildingswill be razed to make way for a mixed-use development. Finally,published reports put the sale price at $76.5 million. Whiledeclining to confirm or deny that number, "if you were to publishthat, we wouldn't take issue with it," a Duke spokesman tellsGlobeSt.com.
Altogether, there were 21 bidders for the property, which GMused to build cars and, during World War II, fighter planes, beforeshuttering the facility in 2005 as part of a company-widerestructuring. At its peak, the plant employed 6,000. When itclosed, that number had been reduced to about 1,500.
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