X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-General Electric Co. has signed a lease for 200,000 square feet of office space here in Van Buren township where the company is building a $100 million, 100,000-square-foot research and development facility. The complex, dubbed the GE Advanced Manufacturing and Software Technology Center, will house up to 1,100 employees, including scientists, engineers and technologists.

GlobeSt.com previously reported on the construction of the $100 million R&D building. At the time, Governor Jennifer M. Granholm said, “GE’s decision to invest and grow in Michigan demonstrates we have the high-tech workforce and competitive business climate necessary for global giants like GE to thrive in the 21st century.”

The 200,000-square-foot office building is owned by Visteon Corp. GE signed a long-term lease with the landlord for the property, although the lease terms were not disclosed. Visteon, which has its corporate offices in the building, will remain on the site as well.

“A smart business initiative, a perfect location and access to a talented workforce have created a winning result for GE and Michigan,” says Michael Gerard, senior managing director for CB Richard Ellis. “We are proud that CBRE’s industry leading platform and professionals could make an important contribution to this historic effort.”

CBRE’s Brent Woodruff and Jeffrey Bell represented GE in the lease deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.