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Brennan Investment Group Acquires Woodlake Corporate Park In Lombard, Illinois

Related Research Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties, acquired the Woodlake Corporate Park in Lombard, Illinois . Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group said, "This acquisition was an excellent opportunity to acquire an institutional-quality business park with the ability to add value through additional leasing of the vacant space." According to company officials, this portfolio consists of seven industrial flex buildings totaling approximately 262,697 square feet in Lombard. The Property is located approximately 30 minutes from O'Hare International Airport and 20 minutes from Chicago's Central Business District with easy access to two major highways. "Woodlake Corporate Park is strategically located in the East-West Tollway Submarket within the Suburban Chicago Metropolitan Area. The East-West Tollway Submarket consists of over 40.6 million square feet of inventory. The Chicago industrial availability rate reached historic lows and...
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National DCP Opens Distribution Hub In Twinsburg, Ohio

Related Research National DCP, the $2 billion supply chain management cooperative for Dunkin' Donuts franchisees, plans to open its eighth distribution center in Twinsburg, Ohio . The center, which is located strategically between Cleveland and Akron, will fulfill and deliver ingredients, food products, beverages and supplies to the nearly 400 Dunkin' Donuts restaurants in the region and employ approximately 50 people. "An important component of our 'Farm to Fork' procurement, sourcing and distribution model is facilitating expansion through distribution network optimization," noted Scott Carter, CEO for National DCP. "Twinsburg is the perfect location for our new distribution center . Our extensive analysis found that it will be the best geographic point for servicing the increasing number of Dunkin' restaurants in the region and we gained access to a talented, experienced labor pool with the Twinsburg, Cleveland and Akron markets." NDCP has been strategically and systematically adding centers across...
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MiTek Industries Expands Chesterfield, Missouri, Production Campus

Related Research A company that supplies software, products and services to the building components industry, MiTek Industries, invested $16 million to expanded its operations center in Chesterfield, Missouri . The expansion is expected to create over 100 high-paying jobs as a result of its ongoing growth. Tom Manenti, Chairman/CEO of MiTek said, “The cooperation on this project with Missouri DED and our local design and construction partners was terrific. This building has truly become an expression of who we are as a company. It is rewarding to see the heart of our People First culture expressed in this building in Chesterfield, Missouri, our corporate home.” Headquartered in Chesterfield since 1991, the company employs 400 people in the state and 4500 worldwide. The new, expanded facility will house MiTek’s growing core business divisions and corporate services, including software development, engineering services, and the related administration and executive groups. To...
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Honeywell Locates Software Development Center In Atlanta, Georgia

Related Research Honeywell, a company specializing in diversified technology, software development and manufacturing, will create more than 800 jobs and invest $19 million to establish a Software Development Center in Atlanta, Georgia . The company will also establish headquarters for its $9.4 billion Home and Building Technologies business in Midtown. The company’s new Georgia operation will serve as a development center for software and technologies ranging across the company’s strategic business groups: Honeywell Aerospace, Honeywell Home and Building Technologies, Honeywell Safety and Productivity Solutions, and Honeywell Performance Materials and Technologies. The new software development center will create more than 730 full-time software engineering and related jobs, while the HBT headquarters will bring approximately 100 jobs to Midtown. “Honeywell is thrilled to be launching a state-of-the-art agile software driven product development center in Atlanta, Georgia to create leading edge software offerings based on the latest Cloud, Mobility and Analytics...
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AeroWall Dynamics Relocates To Larger Operations Center In Cool Springs, Tennessee

Related Research AeroWall Dynamics, a company that improves fuel efficiency and reduces emissions for trucks, is investing $508,000 and creating 36 new jobs in Williamson County, Tennessee . The company is renovating a 15,000-square-foot office and lab space in the city of Cool Springs. The company produces an attachment that is placed between the cab and trailer of tractor-trailers. Using GPS-enabled speed tracking and sensors, AeroWall Dynamics’ product improves fuel efficiency and reduces emissions for trucks that spend the majority of their time traveling at highway speeds. The Franklin-based company plans to expand and sell its product to trucking companies across the U.S. AeroWall Dynamics has already made inroads with FedEx and other logistics and trucking companies. “We’re excited to announce plans to expand our workforce in Williamson County,” AeroWall Dynamics CEO Gary Ferguson said. “AeroWall Dynamics has designed a first-to-market solution to improve the fuel efficiency, safety...
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Air Products Manatee County, Florida, Production Plant Begins Operation

Related Research Air Products, the world's leader in liquefied natural gas technology and equipment, rolled out its first completed liquefied natural gas heat exchanger manufactured at its new production facility in Manatee County, Florida . According to company officials, the heat exchanger was transported from the Air Products facility, crossing over Route 41 directly onto the property of Port Manatee, where it will be loaded on a barge and shipped to a customer for a major liquefied natural gas project along the United States (U.S.) Gulf Coast. "I am proud to say that no one in the world builds coil wound heat exchangers as large as we do. The largest LNG plants in the world use our technology. We needed a second manufacturing location, which would eliminate any transportation limitations regarding product size," said Sandy McLauchlin, General Manager - LNG & CryoMachinery Engineering and Manufacturing at Air Products....
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LyondellBasell Plans High Density Polyethylene Plant In La Porte, Texas

Related Research LyondellBasell, one of the world's largest plastics, chemical and refining companies, selected its La Porte, Texas, manufacturing complex as the site for a new High Density Polyethylene (HDPE) Plant. The plant will be the first commercial plant to employ LyondellBasell's new proprietary Hyperzone PE technology and will have an annual capacity of 1.1 billion pounds (500,000 metric tons). The project is expected to create as many as 75 full time positions. Construction is scheduled to begin in early 2017 with start-up planned for 2019. "This project represents the next generation of technology," said Bob Patel, LyondellBasell CEO/Chairman of the Management Board. "This location is ideal for this facility because of the feedstock advantage we enjoy, the ability to ship product around the world and, most importantly, the outstanding workforce that the Gulf Coast has to offer." Located on the south shore of the Houston Ship Channel, LyondellBasell's...
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Kingspan Insulation Expands Winchester, Virginia, Manufacturing Center

Related Research Kingspan Insulation, a Ireland-based leading insulation manufacturer, is on course to add new capacity to its manufacturing site in Winchester, Virginia . The company recently began a $25 million investment in the plant with the installation of a new, state-of-the-art XPS insulation manufacturing line. "We are pleased to announce that the installation is proceeding on time and on cost," said Kingspan Insulation North America's Managing Director Alswinn Kieboom. Once the project is completed, it will allow Kingspan Insulation to continue to service demand for its popular GreenGuard line of XPS board products, company officials said. The products boast superior moisture resistance, an R-value of 5.0 per inch of thickness and are suitable for a range of applications including cavity walls, continuous insulation, roofs, below-grade perimeter foundation and slab-on-grade. As part of this ambitious investment program, Kingspan Insulation has today announced its intent to begin production of...
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Unifi Opens REPREVE Bottle Processing Center In Reidsville, North Carolina

Related Research Unifi, Inc. opened its REPREVE Bottle Processing Center in Reidsville, North Carolina . The more than $28 million investment will help Unifi achieve its goal of vertical integration for its REPREVE recycled product line, adding flexibility, expanding production capabilities and supporting volume growth. REPREVE is Unifi's recycled brand, made from recycled materials such as plastic water bottles. The REPREVE Bottle Processing Center will add 87 new jobs in the Reidsville area, ranging from salaried managers and engineers, to hourly operators, material handlers, electricians, mechanics and more. "The vertical integration of our REPREVE manufacturing process highlights an important next step in Unifi's continued path toward sustainability and producing high-quality, value-added products," said Tom Caudle, President of Unifi. "The REPREVE Bottle Processing Center uses custom-designed, cutting-edge technology and provides increased flexibility that will allow us to better serve our customers, as well as create a new channel of...
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Overton Moore Properties Starts Construction On Simi Valley, Calif. Industrial Project

Related Research Overton Moore Properties started construction on its industrial development referred to as The Point @ Simi Valley, California, Business Center, the company's latest, Class-A industrial project in the area. According to company officials, the four-building project, which is available immediately for sale, totals approximately 141,000 square feet, and can accommodate companies looking for space ranging between 30,000 to 42,000 square feet. OMP acquired the Simi Valley property from Coca Cola Company in October 2015. Both parties were represented by Bennett Robinson of CBRE. The architect for the project is HPA and General Contractor Millie & Severson. The buildings, with majestic views of Simi Valley, feature modern design aesthetic with mature landscaping, 26-28' clear heights, 120' minimum truck courts and ESFR sprinkler systems. Construction is scheduled for completion in April 2017. "Initial interest has been strong, and we believe the project will be well received by the...
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UPS Plans Regional Distribution Hub In Salt Lake City, Utah

Related Research UPS plans to build a regional package operations facility in Salt Lake City, Utah . The company will create up to 195 high-paying jobs and more than $200 million in capital investment. “UPS has a strong presence in Utah with a large network of facilities and a productive workforce,” said Val Hale, Executive Director of GOED. “Our state provides a hard-to-beat strategic location for serving the Western U.S. We have a thriving workforce, and UPS will benefit from choosing Utah for this expansion.” The company first began operations in Utah in 1975 and currently employs more than 3,500 workers across the state in package, heavy freight and contract logistics operations. The new facility will enhance the company’s services to surrounding states. The UPS expansion will create up to 195 high-paying jobs over the next eight years. “We are thrilled to have an exceptional employer like UPS...
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China-Based Sentury Tire Plans Manufacturing-Operations Campus In LaGrange, Georgia

Related Research Sentury Tire, the fifth-largest and fastest-growing tire manufacturer in China, will create more than 1,000 jobs and invest $530 million in a car and light truck tire manufacturing operation in Troup County, Georgia . The new facility in LaGrange will support Sentury Tire’s existing customer base in North America. According to state officials, Sentury Tire specializes in the advanced manufacturing of tires for use in the automotive and aerospace industries. The company is a world leader in highly intelligent tire manufacturing processes that increase efficiency and minimize production times, and robotics plays a crucial role in the production process. The new manufacturing facility will create jobs in production, national sales and marketing, warehousing and distribution. As a further investment in the facility, Sentury is planning to incorporate a research and development center that will employ approximately 100 highly qualified technical personnel. “We are very happy to...
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KYOCERA SGS Precision Tool Plans Manufacturing-Tech Hub In Danville, Virginia

Related Research KYOCERA SGS Precision Tool Inc., a wholly owned subsidiary of KYOCERA Corporation and a leader in solid carbide cutting tool manufacturing, will invest $9.5 million to establish a North American technology and strategic manufacturing hub, at the Danville-Pittsylvania County Regional Industrial Facility Authority-owned Cyber Park in Danville, Virginia . “Under the encouragement of Governor McAuliffe, KYOCERA SGS Precision Tool visited the state of Virginia and the city of Danville, where we instantly connected with a location and a population of people that are in the early stages of a renaissance that perfectly aligns with our own internal evolution,” said Alan Pearce, CEO of KYOCERA SGS Tech Hub. “We are a company with a long history of tradition and values, where creative and progressive thinking has established industry changing and leading high performance solutions. “The history of the Danville area and its people, coupled with the high...
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Vermont Economic Development Authority Approves Financing To Expand Manufacturing Projects

Related Research Vermont Economic Development Authority approved financing to help spark economic development projects throughout the state totaling $16.8 million. “VEDA is so pleased to be able to provide growth financing to several start-up and early-stage businesses,” said Jo Bradley, VEDA Chief Executive Officer. Projects approved by VEDA for financing assistance include: Hoosic River Hydro was approved for $2 million in financing as part of a $4 million project to redevelop the hydroelectric production facility at the long-dormant Pownal Tannery Dam, now owned by the Town of Pownal, Vermont . VEDA also approved $250,000 in Brownfields Revitalization Fund financing to help project developers remove contaminated sediments as part of the project’s approved Corrective Action Plan. When completed, the project will consist of a turbine with 500 kW of electrical capacity, and will produce enough renewable electricity to power the equivalent of 472 average households, reducing CO2 emissions by...
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GAM Expands Manufacturing At Its Mount Prospect, Illinois, Complex

Related Research GAM, a manufacturer of innovative mechanical products used in automation technology, recently expanded its manufacturing capabilities and service programs at its headquarters in Mount Prospect, Illinois . According to company officials GAM, which invested several million dollars in the expansion, transformed itself from light production to full manufacturing. The company increased capacity more than 350%, while reducing lead times to less than 1 week for popular gearboxes and servo couplings used in automation applications. “I am extremely proud of our team and glad we got the opportunity to show our guests what we accomplished,” said Craig Van den Avont, President of GAM at a recent grand opening. “It is important for our government representatives to see firsthand what it takes for U.S. manufacturers to be competitive in the global marketplace.” Mayor Arlene Juracek said, “GAM is an example of success that can be achieved when the...
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Little Caesars Plans World Headquarters In Detroit, Michigan

Related Research Little Caesars and Olympia Development of Michigan started construction on a new $150 million, nine-story, 234,000 square foot, Little Caesars world headquarters expansion, at the corner of Woodward Avenue and Columbia Street in Detroit, Michigan . According to company officials, “twenty-seven years after moving its headquarters from the suburbs to Detroit's Fox Office Center in the heart of downtown, Little Caesars is more than doubling the size of its current campus in Detroit to accommodate the company's rapid global growth and hiring.” "This remarkable building, with its one-of-a-kind architecture, will be a shining example of what's possible in our city," said Christopher Ilitch, President/CEO of Ilitch Holdings, Inc. "Today's groundbreaking represents the next chapter of global growth for an iconic Detroit brand, founded by my parents, Mike and Marian Ilitch, in 1959 with a single store. My hope is that our growth, commitment and continued investment...
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Mar-Bal Inc To Locate Manufacturing Plant In Painesville, Ohio

Related Research Mar-Bal, Inc., a Chagrin Falls, Ohio-based leader in the thermoset composite industry, completed the purchase of a manufacturing facility in Painesville, Ohio . The company will acquire and renovate the 110,669 square foot facility, which is the largest vacant industrial space in Lake County, by the end of 2017. According to company officials, “this new plant will be a renaissance for Mar-Bal, Inc. and the composites industry by utilizing best in class automation and manufacturing processes in BMC compounding and injection molding.” Mar-Bal provides engineering design, material formulation, compounding, molding and finishing services to original equipment manufacturers in the appliance, electrical, industrial and transportation industries. In addition, over the past year, Mar-Bal has expanded their business into the automotive and HVAC markets as well. This additional business growth, combined with their continued investments in innovative platforms, required Mar-Bal to invest in additional manufacturing space. "Serving our...
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2016 Top States for Doing Business Commentary: Power Companies’ Support Helps Top States to Score High

The latest results of Area Development’s Top States for Doing Business survey strongly support the conventional wisdom that the Southeast is the most competitive region of the country for business investment. Furthermore, Site Selection Group’s recent project experience, especially for production and distribution-oriented projects, further validates this theme. Related Research One major reason for these states’ successes is their comprehensive economic development programming. With few exceptions, the states scoring best in this survey tend to have the most robust and capable state-level economic development platforms. Although these state-level efforts demonstrate each of these states’ commitment to long-term economic development, I firmly believe that the vast majority of the Top States for Doing Business have one severely underrated (at least to the casual industry follower) asset in common: the strong support of well-organized and well-funded power companies. Whether it be Duke Energy, the different divisions of the Southern Company, Tennessee Valley Authority,...
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Cologix Begins Construction On Columbus, Ohio, Data Center

Related Research Cologix, a network neutral interconnection and data center company, started construction on a 160K SQF, 18+MW data center on its current 8 acre campus in Columbus, Ohio . According to company officials, “the new $130M+ facility will become Columbus's largest neutral data center and will be directly linked to Cologix's existing data centers which are the most connected facilities in Ohio, offering connectivity to 45+ network service providers, 20+ cloud service providers and the Ohio-IX Internet Exchange." Grant van Rooyen, CEO, Cologix said, “Cologix's position as the leading data center and interconnection provider in Columbus has provided a unique perspective on key trends in the market. Large enterprises are increasingly interested in outsourcing internal data centers with an eye toward leveraging cloud services for some aspects of their IT systems. Until now, there has not been a neutral facility in Columbus that can combine connectivity with...
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2016 Top States for Doing Business Commentary: Top-Performing States Place Significant Emphasis on Economic Development

Area Development’s annual Top States for Doing Business rankings provide a useful backdrop to inform corporate location decisions, especially given the complex and highly competitive nature of states’ economic development efforts. Beyond the survey results, it is essential to evaluate potential locations based on a company’s unique requirements and objectives. By conducting in-depth comparative location analysis that includes differentiation at the sub-state level, companies will be better positioned to make meaningful site selection decisions, maximize profit, and achieve overall success. Besides some re-ordering of the rankings — Ohio dropped out of the top 10 and was replaced by Mississippi — the southern, mostly southeastern, states continue to dominate the top-10 positions in Area Development’s 2016 rankings. Related Research These results are not surprising because they are based on consultants’ perceptions and experiences, which do not change dramatically each year, and because the top-performing states generally place significant emphasis on economic development....
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