JACKSONVILLE, FL—GE Oil & Gas just inked a massive lease in Jacksonville, FL. The company is taking down 510,443 square feet of industrial space for a new advanced manufacturing plant in the Alliance Florida at Cecil Commerce Center.

Brent Woodruff and Lisa Harber, with CBRE's Global Corporate Services in Atlanta, represented GE. CBRE's Terry Quarterman represented the building's owner, Hillwood Investment Properties.

“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,” says 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 inked a multi-year lease on the Hillwood Investment-owned property. The company will occupy the industrial space on Nov. 1.

“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,” says Chuck Nugent, vice president of manufacturing at GE. “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.”