(Read more on the industrial market.)

YUMA, AZ-General Motors Corp. has leased 2,400 acres in the86,000-acre Yuma Proving Grounds from the US Army. In lieu of rent,General Motors will build and operate a $100-million hot-weather,vehicle-testing facility and pay $10.6 million to the Army to buildone to test heavy military vehicles.

Construction will begin in September on the property, locatedalong US Hwy. 95 midway between Phoenix and San Diego. The GMfacility will be completed and operational by May 2009. Thedevelopment will consist of test tracks and buildings for supportfunctions like administrative offices, fueling, washing andtesting.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Aggregate (external)
Development
Industrial
National